Middle East: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in the Middle East

In 2021, the Middle Eastern ethylene polymer rigid pipes market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a remarkable increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in the Middle East

In value terms, ethylene polymer rigid pipes production surged to $X in 2021 estimated in export price. In general, production saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 76%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in the Middle East

Ethylene polymer rigid pipes exports surged to X tons in 2021, growing by 23% against 2020. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene polymer rigid pipes exports surged to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) represented the largest exporter of rigid tubes, pipes and hoses of polymers of ethylene, constituting 59% of total exports. It was distantly followed by Oman (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons), together making up a 33% share of total exports. The following exporters - Palestine (X tons) and Iran (X tons) - each resulted at a 6.2% share of total exports.

Exports from Turkey decreased at an average annual rate of -1.1% from 2012 to 2021. At the same time, Iran (+19.2%), Saudi Arabia (+17.6%), Oman (+17.2%), Palestine (+16.4%) and the United Arab Emirates (+16.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +19.2% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia, Oman, the United Arab Emirates, Palestine and Iran increased by +7.7, +7.6, +7.2, +2.2 and +2.1 percentage points, respectively.

In value terms, Turkey ($X) remains the largest ethylene polymer rigid pipes supplier in the Middle East, comprising 51% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total exports. It was followed by Oman, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to -2.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+16.5% per year) and Oman (+17.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while Saudi Arabia ($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 (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in the Middle East

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported in the Middle East; surging by 19% compared with the year before. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% 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 +23.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, ethylene polymer rigid pipes imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) and Iraq (X tons) were the largest importers of rigid tubes, pipes and hoses of polymers of ethylene in the Middle East, together generating 64% of total imports. Saudi Arabia (X tons) held the next position in the ranking, followed by the United Arab Emirates (X tons) and Syrian Arab Republic (X tons). All these countries together took near 17% share of total imports. Kuwait (X tons), Israel (X tons) and Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes importing markets in the Middle East were Turkey ($X), Iraq ($X) and the United Arab Emirates ($X), with a combined 61% share of total imports. Saudi Arabia, Kuwait, Israel, Qatar and Syrian Arab Republic lagged somewhat behind, together comprising a further 25%.

In terms of the main importing countries, Syrian Arab Republic, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, reducing by -6.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 29%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the 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 Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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