Middle East: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in the Middle East

The Middle Eastern polystyrene in primary forms market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in the Middle East

In value terms, polystyrene in primary forms production rose sharply to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.4% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in overseas shipments of polystyrene in primary forms (excluding expansible polystyrene), which increased by 0.6% to X tons in 2021. Overall, exports saw strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 54%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, polystyrene in primary forms exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Saudi Arabia (X tons) and Iran (X tons) were the key exporters of polystyrene in primary forms (excluding expansible polystyrene) in the Middle East, together comprising 79% of total exports. The United Arab Emirates (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (7%).

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +61.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iran ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 91% of total exports.

In terms of the main exporting countries, Iran, with a CAGR of +59.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 51% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+1.0%), while the other leaders experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in the Middle East

In 2021, approx. X tons of polystyrene in primary forms (excluding expansible polystyrene) were imported in the Middle East; approximately equating the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 7.3% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. In general, imports showed a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the largest importing country with an import of around X tons, which amounted to 56% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 15% share, followed by Israel (9%), Jordan (6%) and Kuwait (4.5%). Qatar (X tons) and Lebanon (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of -8.7% from 2012 to 2021. At the same time, Qatar (+33.4%) and the United Arab Emirates (+8.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +33.4% from 2012-2021. Jordan experienced a relatively flat trend pattern. By contrast, Israel (-4.1%), Kuwait (-4.4%) and Lebanon (-7.6%) illustrated a downward trend over the same period. The United Arab Emirates (+11 p.p.), Jordan (+3.1 p.p.), Qatar (+3 p.p.) and Israel (+2 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -11.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported polystyrene in primary forms (excluding expansible polystyrene) in the Middle East, comprising 56% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Israel, with a 9.2% share.

In Turkey, polystyrene in primary forms imports plunged by an average annual rate of -8.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+7.8% per year) and Israel (-3.9% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, surging by 57% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Lebanon ($X per ton) and Jordan ($X per ton), while Qatar ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :