GCC: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in GCC

The GCC market for cellular plates, sheets and films of polyymers of styrene reached $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in GCC

In value terms, production of cellular plates, sheets and films of polyymers of styrene expanded sharply to $X in 2023 estimated in export price. Over the period under review, production showed a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in GCC

In 2023, the amount of cellular plates, sheets and films of polyymers of styrene exported in GCC skyrocketed to X tons, with an increase of X% on the previous year. In general, exports, however, continue to indicate a pronounced slump. Over the period under review, the exports of attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2023. Overall, exports, however, saw a pronounced curtailment. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Kuwait (X tons) were the major exporters of cellular plates, sheets and films of polyymers of styrene in 2023, amounting to approx. X% and X% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Kuwait ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in GCC

After two years of decline, purchases abroad of cellular plates, sheets and films of polyymers of styrene increased by X% to X tons in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene skyrocketed to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Saudi Arabia (X tons), the United Arab Emirates (X tons), Kuwait (X tons), Oman (X tons) and Bahrain (X tons) was the largest importer of cellular plates, sheets and films of polyymers of styrene in GCC, committing X% of total import. It was distantly followed by Qatar (X tons), mixing up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform