Middle East: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in the Middle East

The Middle Eastern ethylene polymer bag market dropped to $X in 2022, waning by -13.3% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -29.0% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ethylene Polymer Bag Production in the Middle East

In value terms, ethylene polymer bag production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 67% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ethylene Polymer Bag Exports

Exports in the Middle East

For the eleventh year in a row, the Middle East recorded growth in overseas shipments of sacks and bags of polymers of ethylene, which increased by 1.5% to X tons in 2022. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, ethylene polymer bag exports rose modestly to $X in 2022. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near 73% of total exports in 2022. Palestine (X tons) ranks second in terms of the total exports with a 7.4% share, followed by the United Arab Emirates (6.2%), Israel (5%) and Saudi Arabia (4.6%). Iran (X tons) took a little share of total exports.

Exports from Turkey increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Iran (+22.9%), Saudi Arabia (+15.0%), Israel (+14.2%), Palestine (+8.6%) and the United Arab Emirates (+7.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +22.9% from 2012-2022. While the share of Turkey (+8.1 p.p.) and Saudi Arabia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest ethylene polymer bag supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by Palestine ($X), with a 9.9% share of total exports. It was followed by Israel, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +9.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Palestine (+8.0% per year) and Israel (+17.1% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of 3.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 7.5% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.7%), while the other leaders experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports in the Middle East

In 2022, purchases abroad of sacks and bags of polymers of ethylene increased by 1% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer bag imports totaled $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Turkey (X tons), Iraq (X tons), Kuwait (X tons), Oman (X tons), Yemen (X tons), Lebanon (X tons), Iran (X tons), Palestine (X tons) and Bahrain (X tons) represented roughly 96% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 59% of total imports.

In terms of the main importing countries, Israel, with a CAGR of +13.0%, recorded 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 2022, the import price in the Middle East amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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