United Arab Emirates: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in the United Arab Emirates

For the sixth consecutive year, the market for unsaturated polyesters in primary forms in the United Arab Emirates recorded decline in sales value, which decreased by -14.9% to $X in 2021. In general, consumption continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in the United Arab Emirates

In value terms, unsaturated polyesters in primary forms production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. Unsaturated polyesters in primary forms production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from the United Arab Emirates

In 2021, the amount of unsaturated polyesters in primary forms exported from the United Arab Emirates dropped to X tons, flattening at 2020 figures. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 38%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 28%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for unsaturated polyesters in primary forms exports from the United Arab Emirates, accounting for a 51% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Spain exceeded the volume sent to the second major destination, Oman (X tons), threefold. Nigeria (X tons) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+7.6% per year) and Nigeria (+77.8% per year).

In value terms, Spain ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was taken by Oman ($X), with a 16% share of total exports. It was followed by Egypt, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+4.2% per year) and Egypt (-5.3% per year).

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, increasing by 23% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the Philippines ($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 Turkey (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into the United Arab Emirates

In 2021, after four years of growth, there was significant decline in supplies from abroad of unsaturated polyesters in primary forms, when their volume decreased by -28.8% to X tons. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 75% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, unsaturated polyesters in primary forms imports rose remarkably to $X in 2021. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 61%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest unsaturated polyesters in primary forms supplier to the United Arab Emirates, accounting for a 58% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +69.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.6% per year) and Taiwan (Chinese) (-4.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of unsaturated polyesters in primary forms to the United Arab Emirates, comprising 45% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by the UK, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia amounted to +80.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.1% per year) and the UK (+9.1% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, with an increase of 58% against the previous year. In general, the import price, however, saw a mild decrease. The import price peaked 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 the UK ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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