MENA: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in MENA

After three years of growth, the MENA's polystyrene in primary forms market decreased by X% to $X in 2023. The total consumption indicated a moderate expansion from 2012 to 2023: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2022, and then dropped in the following year.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in MENA

In value terms, polystyrene in primary forms production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports in MENA

After two years of decline, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) increased by X% to X tons in 2023. Over the period under review, exports saw buoyant growth. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, polystyrene in primary forms exports skyrocketed to $X in 2023. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2014 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

Iran (X tons) and Saudi Arabia (X tons) prevails in exports structure, together creating X% of total exports. The United Arab Emirates (X tons) ranks next in terms of the total exports with a X% share, followed by Turkey (X%). Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Egypt (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene in primary forms supplying countries in MENA were Iran ($X), Saudi Arabia ($X) and Turkey ($X), together accounting for X% of total exports. The United Arab Emirates and Egypt lagged somewhat behind, together comprising a further X%.

Egypt, 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 more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then dropped sharply in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and Egypt ($X per ton), while the United Arab Emirates ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports in MENA

In 2023, the amount of polystyrene in primary forms (excluding expansible polystyrene) imported in MENA soared to X tons, jumping by X% compared with 2022. Over the period under review, imports, however, showed a noticeable setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, polystyrene in primary forms imports dropped slightly to $X in 2023. In general, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Turkey (X tons) represented the main importer of polystyrene in primary forms (excluding expansible polystyrene), comprising X% of total imports. Egypt (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Morocco (X tons) and Israel (X tons). All these countries together held approx. X% share of total imports. Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to polystyrene in primary forms imports into Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Morocco (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Egypt experienced a relatively flat trend pattern. By contrast, Israel (X%), Algeria (X%) and Jordan (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.), the United Arab Emirates (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Jordan (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined significantly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Algeria ($X per ton) and Morocco ($X per ton), while Jordan ($X per ton) and Turkey ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform