GCC: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in GCC

The GCC acrylic polymer market expanded rapidly to $X in 2022, picking up by X% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value 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, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Acrylic Polymer Production in GCC

In value terms, acrylic polymer production rose to $X in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Acrylic Polymer Exports

Exports in GCC

In 2022, after ten years of growth, there was significant decline in shipments abroad of acrylic polymers (in primary forms), when their volume decreased by X% to X tons. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, acrylic polymer exports shrank dramatically to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the key exporter of acrylic polymers (in primary forms), creating X% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. Bahrain (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest acrylic polymer supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, acrylic polymer exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Acrylic Polymer Imports

Imports in GCC

In 2022, approx. X tons of acrylic polymers (in primary forms) were imported in GCC; picking up by X% on the year before. Total imports indicated a resilient increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, acrylic polymer imports totaled $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the largest importers of acrylic polymers (in primary forms) in 2022, finishing at near X% and X% of total imports, respectively. Oman (X tons) held the next position in the ranking, followed by Qatar (X tons) and Kuwait (X tons). All these countries together took approx. X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Qatar and Bahrain lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Qatar, 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

The import price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Kuwait ($X per ton), while Oman ($X per ton) and Bahrain ($X per ton) were 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 a decline in the import price figures.

Source: IndexBox Platform