GCC: Market for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives 2024

Market Size for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in GCC

The GCC market for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives reached $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in GCC

In value terms, production of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Exports in GCC

In 2022, shipments abroad of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced notably in the following year.

In value terms, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives contracted notably to $X in 2022. In general, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together reaching X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives supplier in GCC.

In the United Arab Emirates, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Imports in GCC

In 2022, purchases abroad of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp setback. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives contracted to $X in 2022. Overall, imports saw a precipitous contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in derivatives structure, resulting at X tons, which was near X% of total imports in 2022. Oman (X kg) and Kuwait (X kg) held a minor share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. Oman (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a remarkable increase. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform