Middle East: Thiosulphates Market 2024

Thiosulphates Market Size in the Middle East

For the third year in a row, the Middle Eastern thiosulphates market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Thiosulphates Production in the Middle East

In value terms, thiosulphates production reduced slightly to $X in 2023 estimated in export price. The total production indicated a notable increase 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Thiosulphates Exports

Exports in the Middle East

In 2023, the amount of thiosulphates exported in the Middle East skyrocketed to X tons, picking up by X% compared with 2022 figures. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, thiosulphates exports surged to $X in 2023. Over the period under review, exports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the main exporter of thiosulphates in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. The United Arab Emirates (X tons) took the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held approx. X% share of total exports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest thiosulphates supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, thiosulphates exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, which is down by X% against the previous year. Export price indicated temperate growth 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, thiosulphates export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Thiosulphates Imports

Imports in the Middle East

In 2023, the amount of thiosulphates imported in the Middle East rose notably to X tons, picking up by X% compared with 2022. Overall, imports showed a moderate increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, thiosulphates imports expanded significantly to $X in 2023. Over the period under review, imports enjoyed mild growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X tons) was the major importer of thiosulphates, committing X% of total imports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total imports. Oman (X tons), Jordan (X tons), Iran (X tons), Kuwait (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to thiosulphates imports into Turkey stood at X%. At the same time, Iraq (X%), the United Arab Emirates (X%), Kuwait (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) and Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Iran 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 ($X) constitutes the largest market for imported thiosulphates in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

In Turkey, thiosulphates imports 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 Jordan (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, approximately mirroring the previous year. Overall, the import price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform