GCC: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2025

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in GCC

After two years of growth, the GCC market for polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -10.6% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in GCC

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +36.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 81%. Over the period under review, production of reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports in GCC

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were exported in GCC; declining by -19% compared with 2021. Overall, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 141%. The volume of export peaked at X tons in 2021, and then fell notably in the following year.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning dropped modestly to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 109%. The level of export peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

The United Arab Emirates dominates spinning structure, finishing at X tons, which was near 95% of total exports in 2022. Saudi Arabia (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the polyester tow and staple, not carded, combed or otherwise processed for spinning exports, with a CAGR of +7.9% from 2012 to 2022. At the same time, Saudi Arabia (+3.2%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +2.3 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest polyester tow and staple, not carded, combed or otherwise processed for spinning supplier in GCC, comprising 95% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +6.1%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period under review, the export price, however, saw a slight descent. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.2%).

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports in GCC

In 2022, after four years of growth, there was significant decline in supplies from abroad of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -53.3% to X tons. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank significantly to $X in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in spinning structure, accounting for X tons, which was approx. 77% of total imports in 2022. It was distantly followed by Bahrain (X tons) and Qatar (X tons), together mixing up a 16% share of total imports. Kuwait (X tons) and Oman (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning. At the same time, Qatar (+11.4%) and Bahrain (+1.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.4% from 2012-2022. By contrast, Oman (-3.4%) and Kuwait (-13.2%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+32 p.p.), Qatar (+5.4 p.p.) and Bahrain (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kuwait (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported polyester tow and staple, not carded, combed or otherwise processed for spinning in GCC, comprising 72% of total imports. The second position in the ranking was held by Bahrain ($X), with a 12% share of total imports. It was followed by Qatar, with a 7.3% share.

In the United Arab Emirates, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined by an average annual rate of -4.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+0.5% per year) and Qatar (-3.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, growing by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, 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 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 Bahrain (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform