United Arab Emirates: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in the United Arab Emirates

In 2021, the polyethylene in primary forms market in the United Arab Emirates was finally on the rise to reach $X after three years of decline. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Polyethylene in primary forms consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in the United Arab Emirates

In value terms, polyethylene in primary forms production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 +1.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 39% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from the United Arab Emirates

In 2021, the amount of polyethylene in primary forms exported from the United Arab Emirates reached X tons, increasing by 14% compared with the year before. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 41%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for polyethylene in primary forms exports from the United Arab Emirates, accounting for a 50% share of total exports. Moreover, polyethylene in primary forms exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.3% per year) and Egypt (+20.3% per year).

In value terms, China ($X) remains the key foreign market for polyethylene in primary forms exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Egypt, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+14.3% per year) and Egypt (+19.6% per year).

Export Prices by Country

The average polyethylene in primary forms export price stood at $X per ton in 2021, picking up by 35% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Singapore ($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 (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in supplies from abroad of polyethylene in primary forms, which increased by 8% to X tons in 2021. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 96%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms imports soared to $X in 2021. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 when imports increased by 90% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of polyethylene in primary forms to the United Arab Emirates, accounting for a 76% share of total imports. Moreover, polyethylene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), more than tenfold. Oman (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (-11.2% per year) and Oman (+48.5% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene in primary forms to the United Arab Emirates, comprising 78% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 5.7% share of total imports. It was followed by Oman, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (-11.1% per year) and Oman (+57.9% per year).

Import Prices by Country

In 2021, the average polyethylene in primary forms import price amounted to $X per ton, rising by 43% against the previous year. In general, the import price, however, showed a slight decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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