Middle East: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in the Middle East

The Middle Eastern polyphenols and phenol-alcohols market reached $X in 2023, rising by X% against the previous year. In general, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Production in the Middle East

In value terms, polyphenols and phenol-alcohols production declined modestly to $X in 2023 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports in the Middle East

In 2023, the amount of polyphenols and phenol-alcohols exported in the Middle East rose remarkably to X tons, picking up by X% on 2022. In general, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, polyphenols and phenol-alcohols exports rose sharply to $X in 2023. Overall, exports recorded strong growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X tons, which reached X% of total exports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Israel (X tons) took a relatively small share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyphenols and phenol-alcohols supplying countries in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports in the Middle East

Polyphenols and phenol-alcohols imports soared to X tons in 2023, with an increase of X% on the previous year. Total imports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols imports totaled $X in 2023. In general, imports saw resilient growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2023. Iran (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Bahrain (X%).

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iran ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a perceptible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, polyphenols and phenol-alcohols import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform