Middle East: Non-Cellular Polyethylene Film Market 2024

Non-Cellular Polyethylene Film Market Size in the Middle East

After two years of decline, the Middle Eastern non-cellular polyethylene film market increased by 32% to $X in 2021. Overall, consumption saw prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Non-Cellular Polyethylene Film Production in the Middle East

In value terms, non-cellular polyethylene film production surged to $X in 2021 estimated in export price. Over the period under review, production showed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 90%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Non-Cellular Polyethylene Film Exports

Exports in the Middle East

Non-cellular polyethylene film exports soared to X tons in 2021, growing by 19% on the year before. In general, exports recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 24%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, non-cellular polyethylene film exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) dominates exports structure, together achieving 80% of total exports. Israel (X tons) ranks next in terms of the total exports with a 9.2% share, followed by the United Arab Emirates (4.7%). Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest non-cellular polyethylene film supplier in the Middle East, comprising 53% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 26% share of total exports. It was followed by Israel, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +12.1%. In the other countries, the average annual rates were as follows: Saudi Arabia (+11.4% per year) and Israel (+3.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($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 (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Non-Cellular Polyethylene Film Imports

Imports in the Middle East

In 2021, overseas purchases of non-cellular polyethylene films, sheets, foil and strip were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-cellular polyethylene film imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) represented the key importer of non-cellular polyethylene films, sheets, foil and strip, creating 36% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Israel (X tons), Saudi Arabia (X tons) and Iraq (X tons). All these countries together held approx. 43% share of total imports. The following importers - Oman (X tons), Kuwait (X tons), Iran (X tons), Jordan (X tons), Lebanon (X tons) and Bahrain (X tons) - together made up 17% of total imports.

From 2012 to 2021, average annual rates of growth with regard to non-cellular polyethylene film imports into Turkey stood at +6.3%. At the same time, Bahrain (+22.8%), Kuwait (+11.6%), the United Arab Emirates (+10.5%), Jordan (+8.7%), Oman (+8.1%), Saudi Arabia (+7.4%), Iraq (+6.7%), Lebanon (+3.4%) and Israel (+2.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +22.8% from 2012-2021. By contrast, Iran (-3.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+4.7 p.p.) and Turkey (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-3.4 p.p.) and Israel (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported non-cellular polyethylene films, sheets, foil and strip in the Middle East, comprising 36% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 13% share.

In Turkey, non-cellular polyethylene film imports increased at an average annual rate of +4.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.0% per year) and Saudi Arabia (+5.9% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Iran ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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