United Arab Emirates: Fluoropolymers Market 2024

Fluoropolymers Market Size in the United Arab Emirates

The fluoropolymers market in the United Arab Emirates reduced remarkably to $X in 2021, dropping by -19.2% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Fluoropolymers Production in the United Arab Emirates

In value terms, fluoropolymers production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +86.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Fluoropolymers production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fluoropolymers Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of fluoropolymers were exported from the United Arab Emirates; falling by -29.1% compared with 2020 figures. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 357% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, fluoropolymers exports shrank rapidly to $X in 2021. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2017 with an increase of 263%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for fluoropolymers exports from the United Arab Emirates, accounting for a 59% share of total exports. Moreover, fluoropolymers exports to Oman exceeded the volume sent to the second major destination, Pakistan (X tons), twofold. Comoros (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +113.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+37.0% per year) and Comoros (+16.4% per year).

In value terms, Oman ($X) remains the key foreign market for fluoropolymers exports from the United Arab Emirates, comprising 79% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9.6% share of total exports. It was followed by Pakistan, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +99.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-41.9% per year) and Pakistan (+15.9% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, falling by -27.6% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 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 Saudi Arabia ($X per ton), while the average price for exports to Comoros ($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 Saudi Arabia (+8.7%), while the prices for the other major destinations experienced a decline.

Fluoropolymers Imports

Imports into the United Arab Emirates

In 2021, imports of fluoropolymers into the United Arab Emirates declined markedly to X tons, falling by -65.1% against the year before. Overall, imports, however, recorded a tangible expansion. The growth pace was the most rapid in 2020 with an increase of 1,142%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, fluoropolymers imports surged to $X in 2021. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 557%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest fluoropolymers supplier to the United Arab Emirates, accounting for a 40% share of total imports. Moreover, fluoropolymers imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold. Japan (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +23.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-16.6% per year) and Japan (+7.3% per year).

In value terms, France ($X), China ($X) and Japan ($X) constituted the largest fluoropolymers suppliers to the United Arab Emirates, together accounting for 50% of total imports.

France, with a CAGR of +46.7%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the average fluoropolymers import price amounted to $X per ton, jumping by 294% against the previous year. Overall, the import price continues to indicate a perceptible increase. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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