MENA: Polyamide Market 2024

Polyamide Market Size in MENA

The MENA's polyamide market soared to $X in 2021, increasing by 56% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.4% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyamide Production in MENA

In value terms, polyamide production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Polyamide Exports

Exports in MENA

In 2021, after two years of decline, there was significant growth in overseas shipments of polyamides (in primary forms), when their volume increased by 114% to X tons. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide exports soared to $X in 2021. Overall, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the key exporter of polyamides (in primary forms), generating 86% of total exports. It was distantly followed by Israel (X tons), creating a 10% share of total exports. The United Arab Emirates (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the polyamides (in primary forms) exports, with a CAGR of +30.8% from 2012 to 2021. At the same time, the United Arab Emirates (+9.3%) displayed positive paces of growth. By contrast, Israel (-8.2%) illustrated a downward trend over the same period. While the share of Turkey (+63 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-55.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest polyamide supplier in MENA, comprising 85% of total exports. The second position in the ranking was taken by Israel ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +31.0%. In the other countries, the average annual rates were as follows: Israel (-8.0% per year) and the United Arab Emirates (+10.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 25% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the other leaders experienced more modest paces of growth.

Polyamide Imports

Imports in MENA

In 2021, purchases abroad of polyamides (in primary forms) increased by 105% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was near 74% of total imports in 2021. Israel (X tons) ranks second in terms of the total imports with a 6% share, followed by the United Arab Emirates (5.4%). Iran (X tons), Saudi Arabia (X tons), Tunisia (X tons) and Morocco (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to polyamide imports into Turkey stood at +15.2%. At the same time, Morocco (+21.4%), the United Arab Emirates (+14.7%), Israel (+6.0%), Tunisia (+4.6%) and Iran (+3.0%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +21.4% from 2012-2021. By contrast, Saudi Arabia (-1.8%) illustrated a downward trend over the same period. While the share of Turkey (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tunisia (-2.4 p.p.), Iran (-3.7 p.p.), Israel (-3.8 p.p.) and Saudi Arabia (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported polyamides (in primary forms) in MENA, comprising 72% of total imports. The second position in the ranking was taken by Israel ($X), with a 6.9% share of total imports. It was followed by Saudi Arabia, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +14.8%. In the other countries, the average annual rates were as follows: Israel (+7.0% per year) and Saudi Arabia (+4.6% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform