Saudi Arabia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Saudi Arabia

The Saudi market for unsaturated polyesters in primary forms declined to $X in 2021, which is down by -13.8% against the previous year. Overall, consumption continues to indicate a deep reduction. Unsaturated polyesters in primary forms consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Saudi Arabia

In value terms, unsaturated polyesters in primary forms production dropped remarkably to $X in 2021 estimated in export price. Overall, production recorded a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 51%. Unsaturated polyesters in primary forms production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Saudi Arabia

In 2021, after seven years of growth, there was significant decline in overseas shipments of unsaturated polyesters in primary forms, when their volume decreased by -17.5% to X tons. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2014 with an increase of 610% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped dramatically in the following year.

In value terms, unsaturated polyesters in primary forms exports dropped to $X in 2021. Overall, exports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2014 with an increase of 602% against the previous year. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X tons), Egypt (X tons) and Bahrain (X tons) were the main destinations of unsaturated polyesters in primary forms exports from Saudi Arabia, together accounting for 90% 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 Egypt (with a CAGR of +113.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Egypt ($X) and Bahrain ($X) were the largest markets for unsaturated polyesters in primary forms exported from Saudi Arabia worldwide, together comprising 89% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of +123.3%, 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 unsaturated polyesters in primary forms stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the export price, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per ton) and Bahrain ($X per ton), while the average price for exports to Egypt ($X per ton) and the United Arab Emirates ($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 Kuwait (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Saudi Arabia

In 2021, the amount of unsaturated polyesters in primary forms imported into Saudi Arabia surged to X tons, picking up by 43% compared with 2020. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 159%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. In general, imports recorded slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 79%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest unsaturated polyesters in primary forms supplier to Saudi Arabia, accounting for a 65% share of total imports. Moreover, unsaturated polyesters in primary forms imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Malaysia (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +52.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+66.2% per year) and Malaysia (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Saudi Arabia, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+98.0% per year) and the United Arab Emirates (-18.4% per year).

Import Prices by Country

The average import price for unsaturated polyesters in primary forms stood at $X per ton in 2021, rising by 9.8% against the previous year. In general, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of 14%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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