Price for Waste, Parings and Scrap, of Plastics in Saudi Arabia - 2022
Contents:
- Price for Waste, Parings and Scrap, of Plastics in Saudi Arabia (FOB) - 2022
- Price for Waste, Parings and Scrap, of Plastics in Saudi Arabia (CIF) - 2022
- Exports of Waste, Parings and Scrap, of Plastics in Saudi Arabia
- Imports of Waste, Parings and Scrap, of Plastics in Saudi Arabia
Price for Waste, Parings and Scrap, of Plastics in Saudi Arabia (FOB) - 2022
The average export price for waste, parings and scrap, of plasticses stood at $639 per ton in 2022, falling by -7.3% against the previous year. Overall, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 43% against the previous year. The export price peaked at $764 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1,494 per ton), while the average price for exports to Pakistan ($340 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 Turkey (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Waste, Parings and Scrap, of Plastics in Saudi Arabia (CIF) - 2022
The average import price for waste, parings and scrap, of plasticses stood at $452 per ton in 2022, declining by -16.3% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. Over the period under review, average import prices reached the peak figure at $786 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($509 per ton), while the price for Spain ($455 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Waste, Parings and Scrap, of Plastics in Saudi Arabia
In 2022, approx. 27K tons of waste, parings and scrap, of plasticses were exported from Saudi Arabia; with a decrease of -11.9% against 2021 figures. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 23%.
In value terms, exports of waste, parings and scrap, of plasticses declined sharply to $17M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +28.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 58%. As a result, the exports reached the peak of $21M, and then fell notably in the following year.
| Export of Waste, Parings and Scrap, of Plastics in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 1.0 | 1.3 | 3.6 | 5.2 | 73.2% |
| Italy | 0.2 | 0.2 | 1.8 | 5.0 | 192.4% |
| South Korea | 0.4 | 0.4 | 1.8 | 3.0 | 95.7% |
| Turkey | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 0.7 | 51.8% |
| India | 0.9 | 0.9 | 1.6 | 0.6 | -12.6% |
| Malaysia | 0.9 | 0.9 | 1.6 | 0.3 | -30.7% |
| China | 5.1 | 8.1 | 9.0 | N/A | 32.8% |
| Others | 5.0 | 1.1 | 1.0 | 1.8 | -28.9% |
| Total | 14.1 | 13.4 | 21.2 | 17.3 | 7.1% |
Top Export Markets for Waste, Parings and Scrap, of Plastics from Saudi Arabia in 2022:
- Pakistan (15.3K tons)
- Italy (5.1K tons)
- South Korea (2.2K tons)
- Turkey (1.2K tons)
- India (0.9K tons)
- Malaysia (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
Imports of Waste, Parings and Scrap, of Plastics in Saudi Arabia
In 2022, imports of waste, parings and scrap, of plasticses into Saudi Arabia skyrocketed to 23K tons, increasing by 36% on the year before. In general, imports, however, continue to indicate a abrupt contraction.
In value terms, imports of waste, parings and scrap, of plasticses expanded sharply to $10M in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.
| Import of Waste, Parings and Scrap, of Plastics in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.3 | 6.1 | 4.5 | 6.3 | -12.2% |
| Spain | 1.9 | 2.6 | 2.9 | 2.7 | 12.4% |
| Portugal | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Belgium | 0.5 | 0.3 | N/A | N/A | -40.0% |
| Vietnam | 0.8 | 0.7 | N/A | N/A | -12.5% |
| Others | 2.0 | 1.2 | 1.0 | 0.7 | -29.5% |
| Total | 15.1 | 11.5 | 9.0 | 10.2 | -12.3% |
Top Suppliers of Waste, Parings and Scrap, of Plastics to Saudi Arabia in 2022:
- Italy (13.5K tons)
- Spain (6.0K tons)
- Portugal (1.1K tons)
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