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Middle East - Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Middle East - Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights

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Apr 18, 2020

Turkey Ranks As the Largest Market for Imported Polyethylene in the Middle East, with $1B in 2018

IndexBox has just published a new report: 'Middle East - Polyethylene - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Polyethylene Exports in the Middle East

The exports totaled 7.8M tons in 2018, rising by 27% against the previous year. The total export volume increased at an average annual rate of +7.3% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, polyethylene exports amounted to $8.8B (IndexBox estimates) in 2018.

Exports by Country

Saudi Arabia was the key exporter of polyethylene in the Middle East, with the volume of exports recording 4.8M tons, which was approx. 61% of total exports in 2018. Iran (1,086K tons) ranks second in terms of the total exports with a 14% share, followed by Qatar (13%) and the United Arab Emirates (8.1%). Kuwait (167K tons) took a relatively small share of total exports.

Exports from Saudi Arabia increased at an average annual rate of +8.4% from 2013 to 2018. At the same time, the United Arab Emirates (+20.0%) and Iran (+13.6%) displayed outstripping paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +20.0% from 2013-2018. Qatar experienced a relatively flat trend pattern. By contrast, Kuwait (-8.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+20 p.p.), Iran (+6.6 p.p.) and the United Arab Emirates (+4.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($5.2B) remains the largest polyethylene supplier in the Middle East, comprising 59% of total polyethylene exports. The second position in the ranking was occupied by Iran ($1.2B), with a 14% share of total exports. It was followed by Qatar, with a 14% share.

In Saudi Arabia, polyethylene exports expanded at an average annual rate of +5.1% over the period from 2013-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+7.9% per year) and Qatar (-5.1% per year).

Export Prices by Country

In 2018, the polyethylene export price in the Middle East amounted to $1,128 per ton, waning by -9.6% against the previous year. Overall, the polyethylene export price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the export price increased by 16% year-to-year. The level of export price peaked at $1,431 per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the United Arab Emirates ($1,245 per ton) and Qatar ($1,227 per ton), while Saudi Arabia ($1,080 per ton) and Kuwait ($1,144 per ton) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the export price figures.

Polyethylene Imports in the Middle East

In 2018, the amount of polyethylene imported in the Middle East totaled 1.6M tons, jumping by 11% against the previous year. Over the period under review, polyethylene imports, however, continue to indicate a relatively flat trend pattern.

In value terms, polyethylene imports totaled $2.1B (IndexBox estimates) in 2018.

Imports by Country

Turkey was the main importer of polyethylene in the Middle East, with the volume of imports accounting for 803K tons, which was approx. 51% of total imports in 2018. The United Arab Emirates (271K tons) ranks second in terms of the total imports with a 17% share, followed by Jordan (7%), Israel (6.3%) and Lebanon (4.8%). The following importers - Saudi Arabia (63K tons) and Yemen (43K tons) - together made up 6.7% of total imports.

Imports into Turkey increased at an average annual rate of +5.3% from 2013 to 2018. At the same time, Jordan (+8.1%), Lebanon (+2.6%) and Yemen (+2.4%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.1% from 2013-2018. By contrast, Israel (-3.0%), the United Arab Emirates (-6.7%) and Saudi Arabia (-11.7%) illustrated a downward trend over the same period. While the share of Turkey (+12 p.p.) and Jordan (+2.2 p.p.) increased significantly in terms of the total imports from 2013-2018, the share of Saudi Arabia (-3.4 p.p.) and the United Arab Emirates (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($1B) constitutes the largest market for imported polyethylene in the Middle East, comprising 49% of total polyethylene imports. The second position in the ranking was occupied by the United Arab Emirates ($362M), with a 17% share of total imports. It was followed by Israel, with a 6.8% share.

Import Prices by Country

The polyethylene import price in the Middle East stood at $1,315 per ton in 2018, waning by -2.9% against the previous year.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Saudi Arabia ($1,736 per ton) and Israel ($1,412 per ton), while Lebanon ($1,167 per ton) and Jordan ($1,222 per ton) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for polyethylene with a specific gravity of less than 0.94 in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
  • Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the Middle East, split by region and country
  • Trade (exports and imports) in the Middle East
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Bahrain
    • Iran
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Oman
    • Palestine
    • Qatar
    • Saudi Arabia
    • Syrian Arab Republic
    • Turkey
    • United Arab Emirates
    • Yemen

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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