United Arab Emirates: Polyethylene Binder Market 2024

Polyethylene Binder Market Size in the United Arab Emirates

The polyethylene binder market in the United Arab Emirates reduced to $X in 2022, shrinking by -8.9% against the previous year. In general, consumption continues to indicate a noticeable decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Polyethylene Binder Production in the United Arab Emirates

In value terms, polyethylene binder production declined dramatically to $X in 2022 estimated in export price. In general, production recorded a slight slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by 61%. Polyethylene binder production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Polyethylene Binder Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines were finally on the rise to reach X tons after two years of decline. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 136% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyethylene binder exports surged to $X in 2022. In general, exports posted strong growth. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mozambique (X tons) was the main destination for polyethylene binder exports from the United Arab Emirates, with a 83% share of total exports. Moreover, polyethylene binder exports to Mozambique exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Mozambique stood at +157.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.9% per year) and Niger (0.0% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from the United Arab Emirates, comprising 59% of total exports. The second position in the ranking was taken by Niger ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique totaled +191.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and Spain (+12.7% per year).

Export Prices by Country

The average polyethylene binder export price stood at $X per ton in 2022, rising by 103% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Niger ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Polyethylene Binder Imports

Imports into the United Arab Emirates

Polyethylene binder imports into the United Arab Emirates soared to X tons in 2022, with an increase of 33% compared with the previous year. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 128%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, polyethylene binder imports surged to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 90%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), China (X tons) and India (X tons) were the main suppliers of polyethylene binder imports to the United Arab Emirates, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +80.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene binder suppliers to the United Arab Emirates were Turkey ($X), China ($X) and India ($X), with a combined 88% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +47.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polyethylene binder import price amounted to $X per ton, shrinking by -8.3% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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