United Arab Emirates: Market for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) 2024

Market Size for Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the United Arab Emirates

In 2021, the market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) in the United Arab Emirates increased by 23% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate) in the United Arab Emirates

In value terms, production of acrylic polymers, in primary forms (excluding polymethyl methacrylate) contracted slightly to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 166%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Exports from the United Arab Emirates

In 2021, the amount of acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from the United Arab Emirates dropped to X tons, declining by -11.3% on 2020 figures. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 83%. Over the period under review, the exports of hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) rose sharply to $X in 2021. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 105%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Kenya (X tons) were the main destinations of exports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) from the United Arab Emirates, together comprising 71% of total exports. India, Egypt, Pakistan, Tanzania, Sri Lanka and Nigeria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +163.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Oman ($X) and Kenya ($X) were the largest markets for acrylic polymers, in primary forms (excluding polymethyl methacrylate) exported from the United Arab Emirates worldwide, together comprising 67% of total exports. Egypt, India, Pakistan, Tanzania, Sri Lanka and Nigeria lagged somewhat behind, together accounting for a further 20%.

Sri Lanka, with a CAGR of +146.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) amounted to $X per ton, rising by 23% against the previous year. In general, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to India ($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 Tanzania (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Acrylic Polymers, In Primary Forms (Excluding Polymethyl Methacrylate)

Imports into the United Arab Emirates

In 2021, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) into the United Arab Emirates amounted to X tons, surging by 6.1% compared with 2020 figures. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) surged to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), India (X tons) and France (X tons) were the main suppliers of imports of acrylic polymers, in primary forms (excluding polymethyl methacrylate) to the United Arab Emirates, with a combined 35% share of total imports. The United States, South Korea, Turkey, Taiwan (Chinese), the UK and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and the United States ($X) constituted the largest acrylic polymers, in primary forms (excluding polymethyl methacrylate) suppliers to the United Arab Emirates, with a combined 31% share of total imports.

In terms of the main suppliers, China, with a CAGR of +14.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for acrylic polymers, in primary forms (excluding polymethyl methacrylate) stood at $X per ton in 2021, increasing by 13% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform