MENA: Other Chemical Products Market 2024

Other Chemical Products Market Size in MENA

The MENA's other chemical products market amounted to $X in 2023, with an increase of X% against the previous year. Overall, consumption continues to indicate prominent growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Other Chemical Products Production in MENA

In value terms, other chemical products production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Other Chemical Products Exports

Exports in MENA

In 2023, approx. X tons of other chemical products were exported in MENA; standing approx. at the previous year's figure. In general, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, other chemical products exports reached $X in 2023. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of other chemical products in MENA, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. Kuwait (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Iran (X%) and Saudi Arabia (X%). Libya (X tons), Jordan (X tons) and Oman (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Libya (X%) and Oman (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Kuwait (X%), Iran (X%), Jordan (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Kuwait, Iran, Saudi Arabia, Libya, Jordan and Oman increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest other chemical products supplying countries in MENA were Iran ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising X% of total exports. Saudi Arabia, Jordan, Libya and Oman lagged somewhat behind, together comprising a further X%.

Libya, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the export price in MENA amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Iran ($X per ton), while Oman ($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.

Other Chemical Products Imports

Imports in MENA

In 2023, overseas purchases of other chemical products increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, other chemical products imports totaled $X in 2023. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of other chemical products imports in 2023 were Morocco (X tons), Oman (X tons), Lebanon (X tons) and Iraq (X tons), together accounting for X% of total import. Algeria (X tons) held the next position in the ranking, followed by Saudi Arabia (X tons). All these countries together took near X% share of total imports. Iran (X tons), Jordan (X tons), Egypt (X tons), the United Arab Emirates (X tons), Tunisia (X tons) and Libya (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lebanon (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Iraq ($X) and Oman ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw 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 MENA stood at $X per ton in 2023, stabilizing at the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform