United Arab Emirates: Artificial Staple Fibre Market 2024

Artificial Staple Fibre Market Size in the United Arab Emirates

The artificial staple fibre market in the United Arab Emirates fell sharply to $X in 2021, shrinking by -39.7% against the previous year. Overall, consumption, however, saw a mild increase. Artificial staple fibre consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Artificial Staple Fibre Production in the United Arab Emirates

In value terms, artificial staple fibre production contracted to $X in 2021 estimated in export price. Overall, production, however, showed resilient growth. The growth pace was the most rapid in 2013 with an increase of 150%. Artificial staple fibre production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Artificial Staple Fibre Exports

Exports from the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in shipments abroad of artificial staple fibres, which increased by 16% to X tons in 2021. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 296%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, artificial staple fibre exports reached $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 299%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) and Saudi Arabia (X tons) were the main destinations of artificial staple fibre exports from the United Arab Emirates.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +78.7%).

In value terms, Saudi Arabia ($X) remains the key foreign market for artificial staple fibres exports from the United Arab Emirates, comprising 68% of total exports. The second position in the ranking was held by Kuwait ($X), with a 32% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled +9.5%.

Export Prices by Country

In 2021, the average artificial staple fibre export price amounted to $X per ton, which is down by -4% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, artificial staple fibre export price decreased by -10.2% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Kuwait amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Staple Fibre Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of artificial staple fibres were imported into the United Arab Emirates; with a decrease of -85.7% against the previous year's figure. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 412% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, artificial staple fibre imports declined sharply to $X in 2021. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 347%. Imports peaked at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

In 2021, Kuwait (X tons) constituted the largest artificial staple fibre supplier to the United Arab Emirates, with a 78% share of total imports. Moreover, artificial staple fibre imports from Kuwait exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X kg), fivefold. China (X kg) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Kuwait stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-16.8% per year) and China (-35.0% per year).

In value terms, Kuwait ($X), Saudi Arabia ($X) and Japan ($X) appeared to be the largest artificial staple fibre suppliers to the United Arab Emirates, with a combined 78% share of total imports.

Kuwait, with a CAGR of -7.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average artificial staple fibre import price amounted to $X per ton, falling by -74.3% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 153%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then shrank sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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