Middle East: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in the Middle East

In 2022, the Middle Eastern polyethylene binder market increased by 19% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polyethylene Binder Production in the Middle East

In value terms, polyethylene binder production declined slightly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 80% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Polyethylene Binder Exports

Exports in the Middle East

In 2022, after six years of growth, there was significant decline in overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines, when their volume decreased by -23.3% to X tons. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 104% against the previous year. The volume of export peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, polyethylene binder exports contracted markedly to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 92% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

In 2022, Turkey (X tons) was the major exporter of polyethylene or polypropylene binder or baler (agricultural) twines, mixing up 70% of total exports. Israel (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held near 27% share of total exports. Iran (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene binder exports from Turkey stood at +34.9%. At the same time, Israel (+91.0%) and the United Arab Emirates (+5.9%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +91.0% from 2012-2022. By contrast, Iran (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Israel increased by +43 and +19 percentage points, respectively.

In value terms, Turkey ($X) remains the largest polyethylene binder supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was taken by Israel ($X), with a 22% share of total exports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +31.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+89.5% per year) and the United Arab Emirates (+7.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, surging by 9.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 19% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Israel ($X per ton) and the United Arab Emirates ($X per ton), while Iran ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the other leaders experienced a decline in the export price figures.

Polyethylene Binder Imports

Imports in the Middle East

In 2022, supplies from abroad of polyethylene or polypropylene binder or baler (agricultural) twines increased by 3.5% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 39%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, polyethylene binder imports stood at $X in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons), distantly followed by Oman (X tons), Jordan (X tons), the United Arab Emirates (X tons), Israel (X tons) and Iraq (X tons) were the largest importers of polyethylene or polypropylene binder or baler (agricultural) twines, together comprising 92% of total imports. Yemen (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +72.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported polyethylene or polypropylene binder or baler (agricultural) twines in the Middle East, comprising 37% of total imports. The second position in the ranking was held by Jordan ($X), with a 17% share of total imports. It was followed by Israel, with a 17% share.

In Turkey, polyethylene binder imports expanded at an average annual rate of +19.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (+72.4% per year) and Israel (+17.6% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 16%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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