Middle East: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the Middle East

After two years of growth, the Middle Eastern cyclanes, cyclenes and cycloterpenes market decreased by X% to $X in 2022. 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. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in the Middle East

In value terms, cyclanes, cyclenes and cycloterpenes production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports in the Middle East

Cyclanes, cyclenes and cycloterpenes exports contracted markedly to X tons in 2022, declining by X% against the year before. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes exports reduced slightly to $X in 2022. In general, exports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia was the largest exporter of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Israel (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Lebanon (X tons), together committing a X% share of total exports.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Lebanon (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.), Lebanon (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Israel and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest cyclanes, cyclenes and cycloterpenes supplying countries in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total exports. Turkey and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclanes, cyclenes and cycloterpenes export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Lebanon ($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 more modest paces of growth.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports in the Middle East

After two years of growth, overseas purchases of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, cyclanes, cyclenes and cycloterpenes imports dropped remarkably to $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

Turkey was the major importer of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in the Middle East, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Iran (X tons) ranks second in terms of the total imports with a X% share, followed by Israel (X%), Kuwait (X%) and the United Arab Emirates (X%).

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Iran (X p.p.), Israel (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, cyclanes, cyclenes and cycloterpenes imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 more modest paces of growth.

Source: IndexBox Platform

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