Middle East: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the Middle East

In 2021, after two years of decline, there was significant growth in the Middle Eastern market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 11% to $X. Over the period under review, consumption, however, continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the Middle East

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports in the Middle East

In 2021, overseas shipments of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 31% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia represented the major exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the Middle East, with the volume of exports reaching X tons, which was near 70% of total exports in 2021. Turkey (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together held near 27% share of total exports. Israel (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of +36.7% from 2012 to 2021. At the same time, Turkey (+41.4%) and Iran (+13.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +41.4% from 2012-2021. By contrast, the United Arab Emirates (-2.7%) and Israel (-8.9%) illustrated a downward trend over the same period. Saudi Arabia (+54 p.p.) and Turkey (+9.8 p.p.) significantly strengthened its position in terms of the total exports, while Israel and the United Arab Emirates saw its share reduced by -20.1% and -42.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +35.1%. In the other countries, the average annual rates were as follows: Turkey (+42.9% per year) and the United Arab Emirates (-0.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 41% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 the United Arab Emirates (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports in the Middle East

In 2021, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by 9.9% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 42% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) and Israel (X tons) were the largest importers of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the Middle East, together comprising 69% of total imports. It was distantly followed by Saudi Arabia (X tons), comprising a 21% share of total imports. Jordan (X tons), the United Arab Emirates (X tons) and Iraq (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, together comprising 89% of total imports. These countries were followed by the United Arab Emirates, Jordan and Iraq, which together accounted for a further 6.8%.

Iraq, with a CAGR of +42.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, growing by 30% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a 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 the United Arab Emirates ($X per ton), while Iraq ($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 (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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