MENA: Market for Esters Of Acetic Acid (excluding Ethyl Acetate) 2024

Market Size for Esters Of Acetic Acid (excluding Ethyl Acetate) in MENA

After two years of growth, the MENA's market for esters of acetic acid (excluding ethyl acetate) decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Production of Esters Of Acetic Acid (excluding Ethyl Acetate) in MENA

In value terms, production of esters of acetic acid (excluding ethyl acetate) expanded rapidly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a somewhat lower figure.

Exports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Exports in MENA

In 2023, shipments abroad of esters of acetic acid (excluding ethyl acetate) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, exports of esters of acetic acid (excluding ethyl acetate) reduced to $X in 2023. In general, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Saudi Arabia dominates acetate) structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Turkey (X tons), committing a X% share of total exports. Iran (X tons) held a little share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%) and Iran (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Turkey and Iran increased by X and X percentage points, respectively.

In value terms, Saudi Arabia ($X) remains the largest esters of acetic acid (excluding ethyl acetate) supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In Saudi Arabia, exports of esters of acetic acid (excluding ethyl acetate) expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

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. Overall, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Imports of Esters Of Acetic Acid (excluding Ethyl Acetate)

Imports in MENA

Imports of esters of acetic acid (excluding ethyl acetate) declined to X tons in 2023, reducing by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of esters of acetic acid (excluding ethyl acetate) shrank markedly to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, Turkey (X tons) was the main importer of esters of acetic acid (excluding ethyl acetate), creating X% of total imports. Egypt (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Morocco (X tons). All these countries together took approx. X% share of total imports. The following importers - Israel (X tons), Tunisia (X tons) and Jordan (X tons) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%) and Israel (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Morocco (X%), Tunisia (X%) and Jordan (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total imports, while Tunisia and Jordan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported esters of acetic acid (excluding ethyl acetate) in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, imports of esters of acetic acid (excluding ethyl acetate) increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then fell dramatically in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Tunisia ($X per ton) and Jordan ($X per ton), while Turkey ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform