Report Update: Apr 1, 2024

United Arab Emirates - Polystyrene, In Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Polystyrene Price in the United Arab Emirates - 2021

Polystyrene Price in the United Arab Emirates (CIF) - 2022

In 2022, the average polystyrene import price amounted to $1,752 per ton, growing by 5.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 56%. Over the period under review, average import prices hit record highs at $1,907 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,482 per ton), while the price for India ($1,459 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Polystyrene Price in the United Arab Emirates (FOB) - 2022

The average polystyrene export price stood at $1,884 per ton in 2022, jumping by 36% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 51% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($3,317 per ton), while the average price for exports to Malaysia ($526 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 Romania (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports in the United Arab Emirates

In 2022, overseas purchases of polystyrene increased by 130% to 89K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polystyrene imports soared to $155M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Polystyrene in the United Arab Emirates (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	6.2	2.3	2.3	59.8	112.9%
Saudi Arabia	21.6	27.0	33.5	30.3	11.9%
Taiwan (Chinese)	7.4	5.7	11.0	23.2	46.4%
Pakistan	1.2	1.8	5.3	15.0	132.1%
Singapore	0.1	0.1	0.9	10.6	373.3%
India	1.6	1.2	3.4	5.1	47.2%
Germany	N/A	N/A	N/A	3.8	0%
Turkey	10.5	3.5	0.8	N/A	-72.4%
Others	4.8	2.6	6.5	7.4	15.5%
Total	53.5	44.0	63.7	155	42.6%

Top Suppliers of Polystyrene to the United Arab Emirates in 2022:

Turkey (undefinedK tons)
China (34.2K tons)
Saudi Arabia (17.3K tons)
Taiwan (Chinese) (12.7K tons)
Pakistan (9.3K tons)
Singapore (6.1K tons)
India (3.5K tons)
Germany (1.8K tons)

Polystyrene Exports in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in shipments abroad of polystyrene, which decreased by -45.1% to 26K tons in 2022. In general, exports saw a dramatic curtailment. The smallest decline of -11.1% was in 2020.

In value terms, polystyrene exports reduced rapidly to $50M in 2022. Over the period under review, exports faced a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.

Export of Polystyrene in the United Arab Emirates (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	0.1	0.2	0.7	13.4	411.7%
Mexico	N/A	N/A	N/A	6.5	0%
Australia	N/A	N/A	N/A	4.5	0%
Jordan	0.1	0.1	N/A	3.9	239.1%
Kuwait	0.1	1.7	0.9	2.4	188.4%
Romania	N/A	N/A	0.9	2.3	155.6%
Bulgaria	0.1	0.3	N/A	2.1	175.9%
Egypt	N/A	N/A	0.1	1.5	1400.0%
Iraq	N/A	N/A	N/A	1.0	0%
Malaysia	0.3	0.8	1.4	0.9	44.2%
India	23.1	20.5	23.3	0.8	-67.4%
Spain	N/A	N/A	0.5	0.7	40.0%
Yemen	N/A	N/A	N/A	0.5	0%
Others	51.3	32.3	38.8	9.1	-43.8%
Total	75.1	55.9	66.4	49.6	-12.9%

Top Export Markets for Polystyrene from the United Arab Emirates in 2022:

Saudi Arabia (6.9K tons)
Australia (2.7K tons)
Jordan (2.1K tons)
Mexico (2.0K tons)
Malaysia (1.8K tons)
Kuwait (1.3K tons)
Romania (1.2K tons)
Bulgaria (1.1K tons)
Egypt (0.9K tons)
India (0.6K tons)
Spain (0.6K tons)
Yemen (0.6K tons)
Iraq (0.6K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polystyrene market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20162035 - Expansible polystyrene, in primary forms
Prodcom 20162039 - Polystyrene, in primary forms (excluding expansible polystyrene)

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023