MENA: Market for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters 2024

Market Size for Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters in MENA

After two years of growth, the MENA's market for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2022, and then declined significantly in the following year.

Production of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters in MENA

In value terms, production of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters rose modestly to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 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.

Exports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Exports in MENA

In 2023, approx. X tons of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters were exported in MENA; with a decrease of X% compared with the previous year's figure. Overall, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, exports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters declined to $X in 2023. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

Israel represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Turkey (X tons), together mixing up a X% share of total exports. Iran (X tons) took a little share of total exports.

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

In value terms, the largest mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids supplying countries in MENA were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total exports.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 MENA stood at $X per ton in 2023, with a decrease of X% against the previous year. Export price indicated a resilient expansion 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, export price for mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the export price figures.

Imports of Mono-, Di- Or Tri-Chloroacetic Acids; Propionic, Butanoic And Pentanoic Acids And Their Salts And Esters

Imports in MENA

After six years of growth, purchases abroad of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a tangible increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then shrank dramatically in the following year.

In value terms, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters declined rapidly to $X in 2023. Overall, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined significantly in the following year.

Imports by Country

In 2023, Turkey (X tons) represented the key importer of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters, achieving X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Egypt (X%) and Saudi Arabia (X%). Israel (X tons), Morocco (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids imports into Turkey stood at X%. At the same time, Oman (X%), the United Arab Emirates (X%), Egypt (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

In Turkey, imports of mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

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 Morocco ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform