GCC: Market for Oxalic, Azelaic, Malonic and other Cyclanic, Cylenic or Cycloterpenic Polycarboxylic Acids and Their Salts 2024

Market Size for Oxalic, Azelaic, Malonic and other Cyclanic, Cylenic or Cycloterpenic Polycarboxylic Acids and Their Salts in GCC

The GCC market for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts reduced to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Oxalic, Azelaic, Malonic and other Cyclanic, Cylenic or Cycloterpenic Polycarboxylic Acids and Their Salts in GCC

In value terms, production of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts declined to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Oxalic, Azelaic, Malonic and other Cyclanic, Cylenic or Cycloterpenic Polycarboxylic Acids and Their Salts

Exports in GCC

In 2022, shipments abroad of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts increased by X% to X tons, rising for the third year in a row after four years of decline. In general, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts declined to $X in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2021, and then fell in the following year.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X tons, which finished at X% of total exports. Oman (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Oman ($X) remains the largest oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Oman stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, which is down by X% against the previous year. Export price indicated pronounced 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, export price for oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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 Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Oxalic, Azelaic, Malonic and other Cyclanic, Cylenic or Cycloterpenic Polycarboxylic Acids and Their Salts

Imports in GCC

For the sixth year in a row, GCC recorded growth in purchases abroad of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts, which increased by X% to X tons in 2022. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts expanded markedly to $X in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the key importer of oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts, comprising X% of total imports. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total imports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts imports into Saudi Arabia stood at X%. At the same time, the United Arab Emirates (X%) and Oman (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest oxalic, azelaic, malonic and other cyclanic, cylenic or cycloterpenic polycarboxylic acids and their salts importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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 Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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