Middle East: Market for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) 2024

Market Size for Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in the Middle East

The Middle Eastern market for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) rose to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates) in the Middle East

In value terms, production of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Exports in the Middle East

In 2022, overseas shipments of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) shrank remarkably to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Turkey prevails in silicates) structure, finishing at X tons, which was near X% of total exports in 2022. Israel (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) exports, with a CAGR of X% from 2012 to 2022. Israel experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest salts of inorganic acids or peroxoacids supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Export price indicated a perceptible expansion 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. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Imports of Salts of Inorganic Acids or Peroxoacids (Excluding Azides and Double or Complex Silicates)

Imports in the Middle East

In 2022, approx. X tons of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) were imported in the Middle East; declining by X% compared with the previous year. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) fell to $X in 2022. Overall, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main importer of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), mixing up X% of total imports. Oman (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%) and Iran (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates). At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran 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%), Oman (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2022, 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: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Import 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, import price for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Oman ($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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