Saudi Arabia: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Saudi Arabia

In 2021, the Saudi polystyrene in primary forms market decreased by -14.2% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption showed a noticeable decrease. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Saudi Arabia

In value terms, polystyrene in primary forms production rose significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. Polystyrene in primary forms production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Saudi Arabia

In 2021, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 21% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw mild growth. The most prominent rate of growth was recorded in 2014 when exports increased by 46% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports soared to $X in 2021. Overall, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Jordan (X tons), the United Arab Emirates (X tons) and Singapore (X tons) were the main destinations of polystyrene in primary forms exports from Saudi Arabia, together comprising 60% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +225.2%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), the United Arab Emirates ($X) and Singapore ($X) appeared to be the largest markets for polystyrene in primary forms exported from Saudi Arabia worldwide, with a combined 61% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +340.9%, recorded the highest rates of growth with regard to 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

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, increasing by 42% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to China ($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 Singapore (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Saudi Arabia

In 2021, imports of polystyrene in primary forms (excluding expansible polystyrene) into Saudi Arabia totaled X tons, approximately reflecting the year before. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports amounted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 30%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of polystyrene in primary forms to Saudi Arabia, with a 79% share of total imports. Moreover, polystyrene in primary forms imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Italy (0.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Saudi Arabia, comprising 46% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Italy (0.0% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price recorded a tangible increase. The pace of growth was the most pronounced in 2013 a decrease of less than 0.1% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+28.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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