MENA: 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 MENA

The MENA's market for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives totaled $X in 2023, remaining constant against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

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

In value terms, production of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives dropped to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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

Exports in MENA

Exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives soared to X tons in 2023, with an increase of X% against 2022 figures. In general, exports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives skyrocketed to $X in 2023. Overall, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) represented the major exporters of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives in 2023, reaching approx. X% and X% of total exports, respectively. It was followed by Iran (X tons), making up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Iran ($X).

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood 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 the United Arab Emirates ($X per ton), while Iran ($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 a decline in the export price figures.

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

Imports in MENA

In 2023, approx. X tons of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives were imported in MENA; jumping by X% against the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in years to come.

In value terms, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives expanded rapidly to $X in 2023. Overall, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey dominates derivatives structure, recording X tons, which was approx. X% of total imports in 2023. The United Arab Emirates (X tons), Algeria (X tons) and Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives imports, with a CAGR of X% from 2012 to 2023. At the same time, Algeria (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) and Algeria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Iran ($X per ton), while Algeria ($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 a decline in the import price figures.

Source: IndexBox Platform