United Arab Emirates: Abs Copolymers Market 2024

Abs Copolymers Market Size in the United Arab Emirates

After two years of decline, the ABS copolymers market in the United Arab Emirates increased by 5.4% to $X in 2021. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.5% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Abs Copolymers Production in the United Arab Emirates

In value terms, ABS copolymers production surged to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 93% against the previous year. Production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Abs Copolymers Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms increased by 135% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 307% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ABS copolymers exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for ABS copolymers exports from the United Arab Emirates, with a 61% share of total exports. Moreover, ABS copolymers exports to India exceeded the volume sent to the second major destination, China (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.9% per year) and Malaysia (+113.4% per year).

In value terms, India ($X) emerged as the key foreign market for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms exports from the United Arab Emirates, comprising 70% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports. It was followed by Malaysia, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +62.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.6% per year) and Malaysia (+73.0% per year).

Export Prices by Country

In 2021, the average ABS copolymers export price amounted to $X per ton, with an increase of 111% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 China (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Abs Copolymers Imports

Imports into the United Arab Emirates

ABS copolymers imports into the United Arab Emirates rose significantly to X tons in 2021, increasing by 9.3% against 2020 figures. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 134% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ABS copolymers imports rose rapidly to $X in 2021. Overall, imports saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

South Korea (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of ABS copolymers imports to the United Arab Emirates, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +164.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Saudi Arabia ($X) and China ($X) constituted the largest ABS copolymers suppliers to the United Arab Emirates, with a combined 91% share of total imports.

China, with a CAGR of +175.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ABS copolymers import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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