United Arab Emirates: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in the United Arab Emirates

The expansible polystyrene market in the United Arab Emirates fell to $X in 2021, waning by -12.1% against the previous year. Over the period under review, consumption showed a noticeable shrinkage. Expansible polystyrene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Expansible Polystyrene Production in the United Arab Emirates

In value terms, expansible polystyrene production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 119%. Expansible polystyrene production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Expansible Polystyrene Exports

Exports from the United Arab Emirates

In 2021, expansible polystyrene exports from the United Arab Emirates soared to X tons, jumping by 135% against the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 572%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, expansible polystyrene exports surged to $X in 2021. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 504%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Saudi Arabia (X tons) and Iran (X tons) were the main destinations of expansible polystyrene exports from the United Arab Emirates, with a combined 26% share of total exports. Ukraine, Poland, Brazil, Croatia, India, South Africa, Oman, Finland, Romania and Kuwait lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +1,057.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expansible polystyrene exported from the United Arab Emirates were Iran ($X), Australia ($X) and Ukraine ($X), with a combined 30% share of total exports. These countries were followed by Saudi Arabia, Brazil, Poland, Croatia, India, South Africa, Oman, Romania, Finland and Kuwait, which together accounted for a further 26%.

Brazil, with a CAGR of +2,200.0%, recorded 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 expansible polystyrene export price amounted to $X per ton, jumping by 82% against the previous year. Over the period under review, the export price recorded a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Kuwait ($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 Romania (+149.5%), while the prices for the other major destinations experienced more modest paces of growth.

Expansible Polystyrene Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of expansible polystyrene in primary forms decreased by -45.2% to X tons, falling for the third consecutive year after two years of growth. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports reduced to $X in 2021. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 43%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of expansible polystyrene to the United Arab Emirates, accounting for a 81% share of total imports. Moreover, expansible polystyrene imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-31.4% per year) and Mexico (+22.4% per year).

In value terms, China ($X) constituted the largest supplier of expansible polystyrene in primary forms to the United Arab Emirates, comprising 81% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.8% share of total imports. It was followed by Iran, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-30.5% per year) and Iran (+18.3% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, picking up by 58% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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