MENA: Market for Polyethylene Glycols and Polyethers in Primary Forms 2023

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in MENA

The MENA's polyethylene glycol and polyether market skyrocketed to $X in 2021, picking up by 48% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.0% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Polyethylene Glycols and Polyethers in Primary Forms in MENA

In value terms, polyethylene glycol and polyether production reached $X in 2021 estimated in export price. In general, production saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 142% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in MENA

Polyethylene glycol and polyether exports surged to X tons in 2021, increasing by 61% against the previous year's figure. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 296% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, polyethylene glycol and polyether exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 222% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Saudi Arabia prevails in exports structure, reaching X tons, which was approx. 90% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), creating a 4.7% share of total exports. Turkey (X tons) took a minor share of total exports.

Saudi Arabia was also the fastest-growing in terms of the polyethylene glycols and polyethers in primary forms exports, with a CAGR of +67.3% from 2012 to 2021. At the same time, the United Arab Emirates (+9.2%) and Turkey (+2.9%) displayed positive paces of growth. From 2012 to 2021, the share of Saudi Arabia increased by +74 percentage points.

In value terms, Saudi Arabia ($X) remains the largest polyethylene glycol and polyether supplier in MENA, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia stood at +72.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+9.1% per year) and Turkey (-0.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 36% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.0%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in MENA

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported in MENA skyrocketed to X tons, picking up by 31% against the previous year. The total import volume increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) represented the key importer of polyethylene glycols and polyethers in primary forms, creating 40% of total imports. It was distantly followed by the United Arab Emirates (X tons), Egypt (X tons) and Algeria (X tons), together constituting a 33% share of total imports. Morocco (X tons), Saudi Arabia (X tons), Iraq (X tons), Iran (X tons), Jordan (X tons), Libya (X tons) and Kuwait (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported polyethylene glycols and polyethers in primary forms in MENA, comprising 42% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Egypt, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +7.9%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+13.7% per year) and Egypt (+7.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, with an increase of 53% against the previous year. Import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Egypt ($X per ton) and Kuwait ($X per ton), while Libya ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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