Saudi Arabia: Polyurethanes Market 2025

Polyurethanes Market Size in Saudi Arabia

The Saudi polyurethanes market expanded sharply to $X in 2021, surging by 7.2% against the previous year. Overall, consumption posted resilient growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Polyurethanes Production in Saudi Arabia

In value terms, polyurethanes production rose markedly to $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 166%. Polyurethanes production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Polyurethanes Exports

Exports from Saudi Arabia

In 2021, approx. X tons of polyurethanes in primary forms were exported from Saudi Arabia; which is down by -48.2% compared with the year before. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 when exports increased by 107% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polyurethanes exports declined remarkably to $X in 2021. Overall, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of 114% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of polyurethanes exports from Saudi Arabia, together comprising 95% of total exports. These countries were followed by Oman and Kuwait, which together accounted for a further 4.9%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +16.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyurethanes exported from Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Jordan ($X), together comprising 95% of total exports. These countries were followed by Oman and Kuwait, which together accounted for a further 4.7%.

Oman, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polyurethanes export price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Oman ($X per ton) and Bahrain ($X per ton), while the average price for exports to Kuwait ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polyurethanes Imports

Imports into Saudi Arabia

In 2021, after two years of growth, there was significant decline in overseas purchases of polyurethanes in primary forms, when their volume decreased by -29% to X tons. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 19% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, polyurethanes imports reduced to $X in 2021. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest polyurethanes supplier to Saudi Arabia, accounting for a 39% share of total imports. Moreover, polyurethanes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and Germany (-4.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polyurethanes in primary forms to Saudi Arabia, comprising 32% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Germany (-2.5% per year).

Import Prices by Country

The average polyurethanes import price stood at $X per ton in 2021, increasing by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 30%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :