United Arab Emirates: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in the United Arab Emirates

After two years of decline, the polystyrene in primary forms market in the United Arab Emirates increased by 100% to $X in 2021. Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in the United Arab Emirates

In value terms, polystyrene in primary forms production reached $X in 2021 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 191%. Polystyrene in primary forms production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from the United Arab Emirates

In 2021, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by -32.7% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 481%. The exports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, polystyrene in primary forms exports dropped to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 505%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

China (X tons), India (X tons) and Malaysia (X tons) were the main destinations of polystyrene in primary forms exports from the United Arab Emirates, together accounting for 92% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +131.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polystyrene in primary forms exported from the United Arab Emirates were India ($X), China ($X) and Oman ($X), with a combined 91% share of total exports.

China, with a CAGR of +133.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 polystyrene in primary forms export price amounted to $X per ton, picking up by 36% against the previous year. Overall, the export price, however, recorded a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a 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 Oman ($X per ton), while the average price for exports to Malaysia ($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 India (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into the United Arab Emirates

In 2021, supplies from abroad of polystyrene in primary forms (excluding expansible polystyrene) increased by 6.6% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 77% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, polystyrene in primary forms imports skyrocketed to $X in 2021. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 106%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest polystyrene in primary forms supplier to the United Arab Emirates, accounting for a 58% share of total imports. Moreover, polystyrene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. Pakistan (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia amounted to +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.8% per year) and Pakistan (+27.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to the United Arab Emirates, comprising 60% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Pakistan, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia totaled +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.0% per year) and Pakistan (+26.2% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, surging by 56% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Singapore ($X per ton) and Saudi Arabia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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