Saudi Arabia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Saudi Arabia

The Saudi market for plastics pipes and pipe fittings was estimated at $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastics pipe and pipe fitting consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Saudi Arabia

After five years of growth, shipments abroad of plastics pipes and pipe fittings decreased by -12.1% to X tons in 2022. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 35% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, plastics pipe and pipe fitting exports declined notably to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

Egypt (X tons), Yemen (X tons) and Jordan (X tons) were the main destinations of plastics pipe and pipe fitting exports from Saudi Arabia, together accounting for 63% of total exports. Kuwait, Iraq, the United Arab Emirates, Bahrain and Sudan lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Yemen ($X) and Jordan ($X) constituted the largest markets for plastics pipe and pipe fitting exported from Saudi Arabia worldwide, with a combined 68% share of total exports. Kuwait, the United Arab Emirates, Iraq, Bahrain and Sudan lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Bahrain, with a CAGR of +22.1%, recorded the highest growth rate of 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

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, reducing by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Iraq ($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 Yemen (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Saudi Arabia

After two years of growth, overseas purchases of plastics pipes and pipe fittings decreased by -2.8% to X tons in 2022. Over the period under review, total imports indicated a strong 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 +42.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 38%. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, plastics pipe and pipe fitting imports shrank to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +40.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest plastics pipe and pipe fitting supplier to Saudi Arabia, accounting for a 41% share of total imports. Moreover, plastics pipe and pipe fitting imports from Bahrain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Bahrain amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.5% per year) and the United Arab Emirates (+21.3% per year).

In value terms, Bahrain ($X), the United States ($X) and China ($X) appeared to be the largest plastics pipe and pipe fitting suppliers to Saudi Arabia, together comprising 46% of total imports. Germany, the United Arab Emirates, Italy, India, Oman, Thailand, Turkey and Moldova lagged somewhat behind, together accounting for a further 41%.

In terms of the main suppliers, Oman, with a CAGR of +26.2%, saw the highest growth rate of 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 average import price for plastics pipes and pipe fittings amounted to $X per ton, shrinking by -3.2% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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