Saudi Arabia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Saudi Arabia

The Saudi ethylene polymer rigid pipes market fell to $X in 2021, which is down by -5.1% against the previous year. Over the period under review, consumption recorded a slight setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Saudi Arabia

In value terms, ethylene polymer rigid pipes production declined modestly to $X in 2021 estimated in export price. Overall, production recorded a mild descent. The pace of growth was the most pronounced in 2014 when the production volume increased by 25% against the previous year. Ethylene polymer rigid pipes production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Saudi Arabia

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were exported from Saudi Arabia; picking up by 30% against the previous year. Over the period under review, exports showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, ethylene polymer rigid pipes exports soared to $X in 2021. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 70%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Egypt (X tons) was the main destination for ethylene polymer rigid pipes exports from Saudi Arabia, with a 57% share of total exports. Moreover, ethylene polymer rigid pipes exports to Egypt exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. Jordan (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt stood at +56.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+130.9% per year) and Jordan (+4.1% per year).

In value terms, Egypt ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of ethylene exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total exports. It was followed by Jordan, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled +58.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+116.1% per year) and Jordan (+4.4% per year).

Export Prices by Country

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Sudan ($X per ton), while the average price for exports to Iraq ($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 Yemen (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Saudi Arabia

Ethylene polymer rigid pipes imports into Saudi Arabia dropped significantly to X tons in 2021, declining by -49.6% compared with the previous year's figure. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 231% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports reduced sharply to $X in 2021. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 215% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Oman (X tons) and India (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Saudi Arabia, together accounting for 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +37.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer rigid pipes suppliers to Saudi Arabia were the United Arab Emirates ($X), Oman ($X) and Spain ($X), with a combined 83% share of total imports.

The United Arab Emirates, with a CAGR of +36.3%, 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

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, picking up by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2015 an increase of 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Spain ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :