United Arab Emirates: Polyamide Market 2024

Polyamide Market Size in the United Arab Emirates

In 2021, the polyamide market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, the total consumption indicated moderate growth 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Polyamide Production in the United Arab Emirates

In value terms, polyamide production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 214%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Polyamide Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of polyamides (in primary forms) decreased by -2.4% to X tons, falling for the fifth year in a row after two years of growth. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 697%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, polyamide exports soared to $X in 2021. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2016 with an increase of 1,479%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for polyamide exports from the United Arab Emirates, accounting for a 34% share of total exports. Moreover, polyamide exports to Saudi Arabia exceeded the volume sent to the second major destination, India (X tons), fivefold. Suriname (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+5.0% per year) and Suriname (-83.2% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for polyamides (in primary forms) exports from the United Arab Emirates, comprising 24% of total exports. The second position in the ranking was held by Oman ($X), with a 9.3% share of total exports. It was followed by India, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+25.0% per year) and India (+8.0% per year).

Export Prices by Country

The average polyamide export price stood at $X per ton in 2021, growing by 39% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 98%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 South Korea ($X per ton), while the average price for exports to Suriname ($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 Vietnam (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into the United Arab Emirates

Polyamide imports into the United Arab Emirates surged to X tons in 2021, rising by 54% compared with 2020 figures. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyamide imports soared to $X in 2021. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of polyamide imports to the United Arab Emirates, with a combined 43% share of total imports. These countries were followed by Turkey, India, Russia, South Korea, Belgium, Germany, Saudi Arabia and the United States, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polyamide suppliers to the United Arab Emirates were Taiwan (Chinese) ($X), China ($X) and Italy ($X), with a combined 37% share of total imports. These countries were followed by India, Turkey, Russia, Germany, South Korea, Belgium, the United States and Saudi Arabia, which together accounted for a further 36%.

Turkey, with a CAGR of +49.0%, saw the highest rates of growth with regard to 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

The average polyamide import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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