Sudan: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Sudan

The Sudanese market for polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank to $X in 2022, dropping by -6.1% against the previous year. Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Sudan

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Sudan

After three years of decline, overseas shipments of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -61.7% to X tons in 2019. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 604% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2019, the exports remained at a lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped notably to $X in 2019. Overall, exports, however, showed a slight expansion. The growth pace was the most rapid in 2014 when exports increased by 268% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Sudan, accounting for a approx. 100% share of total exports.

From 2013 to 2019, the average annual rate of growth in terms of volume to Saudi Arabia totaled -61.7%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Sudan.

From 2013 to 2019, the average annual rate of growth in terms of value to Saudi Arabia amounted to -61.0%.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2019, picking up by 1.9% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 54%. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2013 to 2019, the rate of growth in terms of prices for China amounted to +26.3% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Sudan

In 2022, after three years of growth, there was significant decline in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -26% to X tons. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 407%. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms declined markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 when imports increased by 724% against the previous year. Imports peaked at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Sudan, with a 63% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. The third position in this ranking was held by China (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+59.4% per year) and China (+23.1% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Sudan, comprising 66% of total imports. The second position in the ranking was taken by Egypt ($X), with a 26% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+46.6% per year) and China (+29.1% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 an increase of 62% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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