United Arab Emirates: Ethylene Market 2025

Ethylene Market Size in the United Arab Emirates

In 2021, the ethylene market in the United Arab Emirates was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Ethylene Production in the United Arab Emirates

In value terms, ethylene production totaled $X in 2021 estimated in export price. Overall, production recorded a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 59%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ethylene Exports

Exports from the United Arab Emirates

Ethylene exports from the United Arab Emirates declined dramatically to X tons in 2021, dropping by -24.4% on 2020. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 52%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethylene exports expanded slightly to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 72%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Germany (X tons) and the Philippines (X tons) were the main destinations of ethylene exports from the United Arab Emirates, with a combined 45% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +18.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for ethylene exported from the United Arab Emirates were Germany ($X), Indonesia ($X) and Romania ($X), with a combined 42% share of total exports. These countries were followed by the Philippines, Pakistan, China and Belgium, which together accounted for a further 27%.

Among the main countries of destination, the Philippines, with a CAGR of +16.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ethylene export price stood at $X per ton in 2021, increasing by 35% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to the Philippines ($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 Pakistan (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ethylene Imports

Imports into the United Arab Emirates

Ethylene imports into the United Arab Emirates fell markedly to X tons in 2021, waning by -18.8% compared with the year before. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 8,455% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ethylene imports skyrocketed to $X in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 7,221%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), Saudi Arabia (X tons) and the United States (X tons) were the main suppliers of ethylene imports to the United Arab Emirates, with a combined 98% share of total imports.

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 +71.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of ethylene to the United Arab Emirates, comprising 87% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +38.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+23.1% per year) and the United States (+37.8% per year).

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, jumping by 131% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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