Saudi Arabia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Saudi Arabia

The Saudi market for cellular plates, sheets and films of polyymers of styrene expanded notably to $X in 2022, with an increase of 7.8% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -6.8% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Saudi Arabia

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 66% against the previous year. Over the period under review, production of reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Saudi Arabia

After two years of growth, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by -39.5% to X tons in 2022. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 375% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene declined remarkably to $X in 2022. Over the period under review, exports showed a mild contraction. The pace of growth was the most pronounced in 2021 when exports increased by 346%. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Saudi Arabia, accounting for a 89% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Kuwait exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Kuwait totaled +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+11.5% per year) and Jordan (-29.4% per year).

In value terms, Kuwait ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Saudi Arabia, comprising 88% of total exports. The second position in the ranking was held by Bahrain ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled +72.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+16.2% per year) and Jordan (-26.6% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Saudi Arabia

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into Saudi Arabia; growing by 36% compared with 2021 figures. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 279% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene declined to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 220% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kuwait (X tons) was the main supplier of polystyrene cellular plates, sheets and films to Saudi Arabia, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Kuwait totaled +16.1%.

In value terms, Kuwait ($X) constituted the largest supplier of cellular plates, sheets and films of polyymers of styrene to Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value from Kuwait stood at +15.0%.

Import Prices by Country

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, declining by -30.3% against the previous year. Overall, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2021 an increase of 92%. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Kuwait.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.1% per year.

Source: IndexBox Platform

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