MENA: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in MENA

The MENA's market for polyethylene terephthalate and other polyethylene terephthalate in primary forms fell slightly to $X in 2022, waning by -4.4% against the previous year. In general, consumption saw a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in MENA

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 44%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in MENA

In 2022, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms exported in MENA soared to X tons, increasing by 195% against 2021. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt prevails in forms structure, reaching X tons, which was approx. 92% of total exports in 2022. Iran (X tons) and Oman (X tons) held a little share of total exports.

Egypt was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of +84.0% from 2012 to 2022. Iran (-8.6%) and Oman (-11.3%) illustrated a downward trend over the same period. Egypt (+91 p.p.) significantly strengthened its position in terms of the total exports, while Oman and Iran saw its share reduced by -15.8% and -18.3% from 2012 to 2022, respectively.

In value terms, Egypt ($X) remains the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in MENA, comprising 92% of total exports. The second position in the ranking was taken by Iran ($X), with a 3.5% share of total exports.

In Egypt, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased at an average annual rate of +73.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-13.8% per year) and Oman (-14.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The level of export peaked 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 Oman ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-4.0%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in MENA

In 2022, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 2.3% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 16% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms totaled $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 14%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Iran was the main importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms in MENA, with the volume of imports resulting at X tons, which was approx. 39% of total imports in 2022. Egypt (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X tons), Algeria (X tons) and Yemen (X tons). All these countries together took near 45% share of total imports. Morocco (X tons), Lebanon (X tons) and Tunisia (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of +15.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Iran ($X), Egypt ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 66% of total imports. Algeria, Yemen, Morocco, Lebanon and Tunisia lagged somewhat behind, together accounting for a further 20%.

Yemen, with a CAGR of +9.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. 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 Yemen ($X per ton) and Egypt ($X per ton), while Tunisia ($X per ton) and Iran ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (-4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform