GCC: Compound Plasticisers Market 2024

Compound Plasticisers Market Size in GCC

In 2023, the GCC compound plasticisers market decreased by X% to $X, falling for the third year in a row after five years of growth. Overall, consumption showed a perceptible decline. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Compound Plasticisers Production in GCC

In value terms, compound plasticisers production skyrocketed to $X in 2023 estimated in export price. In general, production, however, posted significant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Compound Plasticisers Exports

Exports in GCC

In 2023, approx. X tons of compound plasticisers for rubber or plastics were exported in GCC; rising by X% compared with 2022 figures. In general, exports posted strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, compound plasticisers exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X tons) represented the major exporter of compound plasticisers for rubber or plastics, comprising X% of total exports. It was distantly followed by Saudi Arabia (X tons), committing a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the compound plasticisers for rubber or plastics exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) emerged as the largest compound plasticisers supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, compound plasticisers exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a mild setback. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Compound Plasticisers Imports

Imports in GCC

In 2023, supplies from abroad of compound plasticisers for rubber or plastics was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a pronounced shrinkage. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, compound plasticisers imports skyrocketed to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the major importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total imports. Bahrain (X tons), Oman (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to compound plasticisers imports into Saudi Arabia stood at X%. At the same time, Bahrain (X%), Oman (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported compound plasticisers for rubber or plastics in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

In Saudi Arabia, compound plasticisers imports declined by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, flattening at the previous year. Import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, compound plasticisers import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($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