Middle East: Acrylic Staple Market 2020

Acrylic Staple Market Size in Middle East

The revenue of the acrylic staple market in Middle East amounted to $X in 2017, growing by X% against the previous year. The acrylic staple consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. The level of acrylic staple consumption peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Acrylic Staple Production in Middle East

The acrylic staple production totaled X tons in 2017, going up by X% against the previous year. The acrylic staple production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, with an increase of X% y-o-y. Over the period under review, the acrylic staple production reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Acrylic Staple Exports in Middle East

In 2017, approx. X tons of acrylic tow and staple were exported in Middle East; standing approx. at the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. In that year, the acrylic staple exports reached their peak volume of X tons. From 2016 to 2017, growth of the acrylic staple exports stood at a somewhat lower level.

In value terms, acrylic staple exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Acrylic Staple Exports by Country in Middle East

Turkey was the main exporter of acrylic tow and staple in Middle East, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2017. Saudi Arabia (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Israel (X%) and the United Arab Emirates (X%). Iran (X tons) took the weak share of total exports.

Turkey experienced a relatively flat trend pattern of acrylic tow and staple exports. At the same time, Israel (+X%), Saudi Arabia (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Iran (-X%) illustrated a downward trend over the same period. Turkey (-X%), the United Arab Emirates (-X%), Israel (-X%) and Saudi Arabia (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest acrylic staple supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Saudi Arabia (+X% per year) and the United Arab Emirates (+X% per year).

Acrylic Staple Export Prices by Country in Middle East

The acrylic staple export price in Middle East stood at $X per ton in 2017, rising by X% against the previous year. The acrylic staple export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. In that year, the export prices for acrylic tow and staple attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for acrylic tow and staple stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Iran (-X% per year), while the other leaders experienced a decline in the export price figures.

Acrylic Staple Imports in Middle East

In 2017, imports of acrylic tow and staple in Middle East stood at X tons, growing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2011, when imports increased by X% against the previous year. Over the period under review, the acrylic staple imports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, acrylic staple imports totaled $X in 2017. The acrylic staple imports continue to indicate a relatively flat trend pattern. Over the period under review, the acrylic staple imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Acrylic Staple Imports by Country in Middle East

Turkey was the key importer of acrylic tow and staple in Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2017. Iran (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Israel (X%). The following importers - Saudi Arabia (X tons) and Syrian Arab Republic (X tons) each recorded a X% share of total imports.

Turkey was also the fastest growing in terms of the acrylic tow and staple imports, with a CAGR of +X% from 2007 to 2017. At the same time, Israel (+X%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Iran (-X%) and Syrian Arab Republic (-X%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (X%) and Iran (X%) increased significantly in terms of the global imports from 2007-2017, the share of Israel (-X%) and Turkey (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported acrylic tow and staple in Middle East, making up X% of global imports. The second position in the ranking was occupied by Iran ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

In Turkey, acrylic staple imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Iran (-X% per year) and Israel (+X% per year).

Acrylic Staple Import Prices by Country in Middle East

In 2017, the acrylic staple import price in Middle East amounted to $X per ton, surging by X% against the previous year. The acrylic staple import price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2010, an increase of X% year-to-year. Over the period under review, the import prices for acrylic tow and staple attained its maximum level of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Saudi Arabia ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform