United Arab Emirates: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in the United Arab Emirates

For the third year in a row, the market for polyethylene with a specific gravity of less than X, in primary forms in the United Arab Emirates recorded decline in sales value, which decreased by -69.2% to $X in 2021. Over the period under review, consumption saw a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in the United Arab Emirates

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms reduced modestly to $X in 2021 estimated in export price. Overall, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 248% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from the United Arab Emirates

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms increased by 22% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 78%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), India (X tons) and Pakistan (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from the United Arab Emirates, together accounting for 30% of total exports. These countries were followed by Egypt, Saudi Arabia, Vietnam, Bangladesh, Oman, Turkey, Nigeria, Malaysia, Italy and Singapore, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +36.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from the United Arab Emirates were China ($X), India ($X) and Egypt ($X), together comprising 28% of total exports. Pakistan, Saudi Arabia, Vietnam, Bangladesh, Turkey, Oman, Nigeria, Malaysia, Italy and Singapore lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Italy, with a CAGR of +39.5%, saw the highest growth rate of the value of exports, 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 export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, surging by 45% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Singapore ($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 Singapore (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into the United Arab Emirates

In 2021, imports of polyethylene with a specific gravity of less than X, in primary forms into the United Arab Emirates surged to X tons, picking up by 30% against the previous year's figure. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 145%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 126%. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest polyethylene with a specific gravity of less than X supplier to the United Arab Emirates, accounting for a 68% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Oman (X tons), more than tenfold. The third position in this ranking was held by Kuwait (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+31.0% per year) and Kuwait (-14.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to the United Arab Emirates, comprising 71% of total imports. The second position in the ranking was held by Oman ($X), with a 4.8% share of total imports. It was followed by Kuwait, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+32.0% per year) and Kuwait (-10.8% per year).

Import Prices by Country

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, jumping by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. Over the period under review, average import prices hit record highs 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 Thailand ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :