GCC: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in GCC

The GCC ethylene polymer rigid pipes market shrank to $X in 2021, falling by -7% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in GCC

In value terms, ethylene polymer rigid pipes production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in GCC

In 2021, the amount of rigid tubes, pipes and hoses of polymers of ethylene exported in GCC totaled X tons, growing by 2.5% against 2020. Overall, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 100%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 152% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The shipments of the three major exporters of rigid tubes, pipes and hoses of polymers of ethylene, namely Oman, Saudi Arabia and the United Arab Emirates, represented more than two-thirds of total export. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X), together accounting for 97% of total exports.

Oman, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, rising by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 47% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in GCC

In 2021, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene decreased by -33.8% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 108% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, ethylene polymer rigid pipes imports dropped remarkably to $X in 2021. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2015 with an increase of 99% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of ethylene polymer rigid pipes imports in 2021 were Saudi Arabia (X tons), the United Arab Emirates (X tons), Kuwait (X tons) and Qatar (X tons), together amounting to 89% of total import. Oman (X tons) ranks next in terms of the total imports with a 6.4% share, followed by Bahrain (4.5%).

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +25.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 77% of total imports.

Saudi Arabia, with a CAGR of +16.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 2021, growing by 5.6% against the previous year. In general, the import price, however, showed a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of 68% 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 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kuwait ($X per ton) and the United Arab Emirates ($X per ton), while Qatar ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform