Saudi Arabia: Natural Polymers Market 2024

Natural Polymers Market Size in Saudi Arabia

In 2021, the Saudi natural polymers market decreased by -63.6% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Natural polymers consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Natural Polymers Exports

Exports from Saudi Arabia

In 2021, shipments abroad of natural and modified natural polymers in primary forms decreased by -87.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 492%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, natural polymers exports fell dramatically to $X in 2021. In general, exports recorded a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by 369%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for natural polymers exports from Saudi Arabia, with a 64% share of total exports. Moreover, natural polymers exports to Bahrain exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Kuwait (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Bahrain stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-8.3% per year) and Kuwait (-9.5% per year).

In value terms, Bahrain ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Saudi Arabia, comprising 59% of total exports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-8.5% per year) and the United Arab Emirates (-13.4% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, surging by 6.3% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 an increase of 156%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Polymers Imports

Imports into Saudi Arabia

In 2021, supplies from abroad of natural and modified natural polymers in primary forms decreased by -75% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of 59%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, natural polymers imports reduced markedly to $X in 2021. Overall, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 94% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest natural polymers supplier to Saudi Arabia, accounting for a 56% share of total imports. Moreover, natural polymers imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was held by India (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+44.0% per year) and India (+7.2% per year).

In value terms, China ($X), Germany ($X) and India ($X) appeared to be the largest natural polymers suppliers to Saudi Arabia, with a combined 82% share of total imports. The United States and Australia lagged somewhat behind, together accounting for a further 15%.

Australia, with a CAGR of +41.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, increasing by 107% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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