Saudi Arabia: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Saudi Arabia

In 2022, the Saudi market for rigid tubes, pipes and hoses, of other polymers increased by 7.4% to $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.6% 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 -7.9% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Saudi Arabia

In value terms, production of rigid tubes, pipes and hoses, of other polymers expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% 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 -2.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 76%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports from Saudi Arabia

After three years of growth, shipments abroad of rigid tubes, pipes and hoses, of other polymers decreased by -18.9% to X tons in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 202% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers declined remarkably to $X in 2022. In general, exports, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 228% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Jordan (X tons) was the main destination for exports of rigid tubes, pipes and hoses, of other polymers from Saudi Arabia, accounting for a 40% share of total exports. Moreover, exports of rigid tubes, pipes and hoses, of other polymers to Jordan exceeded the volume sent to the second major destination, Yemen (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Jordan amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+4.0% per year) and the United Arab Emirates (+27.0% per year).

In value terms, Jordan ($X) remains the key foreign market for rigid tubes, pipes and hoses, of other polymers exports from Saudi Arabia, comprising 50% of total exports. The second position in the ranking was taken by Yemen ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+9.8% per year) and the United Arab Emirates (+23.1% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, dropping by -4.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Iraq ($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 India (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports into Saudi Arabia

In 2022, after three years of decline, there was growth in supplies from abroad of rigid tubes, pipes and hoses, of other polymers, when their volume increased by 3.8% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 97%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers rose sharply to $X in 2022. Over the period under review, imports recorded mild growth. The pace of growth was the most pronounced in 2017 when imports increased by 149%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Saudi Arabia, with a 58% share of total imports. Moreover, imports of rigid tubes, pipes and hoses, of other polymers from the United States exceeded the figures recorded by the second-largest supplier, Jordan (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+7.9% per year) and China (-10.2% per year).

In value terms, the United States ($X) constituted the largest supplier of rigid tubes, pipes and hoses, of other polymers to Saudi Arabia, comprising 58% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.0% per year) and China (-5.2% per year).

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses, of other polymers amounted to $X per ton, growing by 5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Jordan ($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 (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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