Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates - 2022

Contents:

1. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates (FOB) - 2022
2. Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates (CIF) - 2022
3. Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates
4. Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates (FOB) - 2022

The average export price for polymers of propylene or of other olefins, in primary formses stood at $1,258 per ton in 2022, with a decrease of -7.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 42%. Over the period under review, the average export prices reached the peak figure at $1,462 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($1,586 per ton), while the average price for exports to Malaysia ($1,027 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 Israel (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates (CIF) - 2022

The average import price for polymers of propylene or of other olefins, in primary formses stood at $1,592 per ton in 2022, surging by 2.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $1,598 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($3,766 per ton), while the price for Saudi Arabia ($1,313 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates

In 2022, exports of polymers of propylene or of other olefins, in primary formses from the United Arab Emirates rose markedly to 1.8M tons, increasing by 12% against 2021. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 14%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of polymers of propylene or of other olefins, in primary formses expanded modestly to $2.3B in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Polymers of Propylene or of Other Olefins, in Primary Forms from the United Arab Emirates in 2022:

1. China (524.1K tons)
2. India (282.5K tons)
3. Pakistan (166.4K tons)
4. Egypt (101.3K tons)
5. Bangladesh (90.5K tons)
6. Turkey (78.7K tons)
7. Israel (53.5K tons)
8. Malaysia (43.4K tons)
9. Vietnam (41.8K tons)
10. Saudi Arabia (39.4K tons)
11. Japan (33.9K tons)
12. Kenya (30.1K tons)

Imports of Polymers of Propylene or of Other Olefins, in Primary Forms in the United Arab Emirates

After three years of growth, overseas purchases of polymers of propylene or of other olefins, in primary formses decreased by -6.5% to 225K tons in 2022. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 241K tons, and then declined in the following year.

In value terms, imports of polymers of propylene or of other olefins, in primary formses fell modestly to $358M in 2022. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 82%. As a result, imports attained the peak of $375M, and then declined slightly in the following year.

Top Suppliers of Polymers of Propylene or of Other Olefins, in Primary Forms to the United Arab Emirates in 2022:

1. Saudi Arabia (148.3K tons)
2. Oman (24.9K tons)
3. Singapore (15.8K tons)
4. South Korea (9.8K tons)
5. India (5.1K tons)
6. Brazil (5.0K tons)

Source: IndexBox Market Intelligence Platform