United Arab Emirates: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the United Arab Emirates

The market for polyethylene terephthalate and other polyethylene terephthalate in primary forms in the United Arab Emirates declined to $X in 2022, reducing by -6.8% against the previous year. Overall, consumption continues to indicate a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the United Arab Emirates

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 98% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from the United Arab Emirates

After five years of decline, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 4.4% to X tons in 2022. Overall, exports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose sharply to $X in 2022. In general, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from the United Arab Emirates, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at -1.6%.

In value terms, Egypt ($X) also remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from the United Arab Emirates.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled -13.4%.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, rising by 3.8% against the previous year. Overall, the export price, however, recorded a abrupt descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to -4.6% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into the United Arab Emirates

After two years of growth, purchases abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -0.2% to X tons in 2022. Overall, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 747% against the previous year. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms dropped modestly to $X in 2022. Over the period under review, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2020 with an increase of 599% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to the United Arab Emirates, with a 91% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Egypt (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia amounted to +38.7%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to the United Arab Emirates, comprising 91% of total imports. The second position in the ranking was held by Egypt ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled +28.7%.

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, remaining stable against the previous year. In general, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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