Middle East: Natural Polymers Market 2024

Natural Polymers Market Size in the Middle East

The Middle Eastern natural polymers market surged to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Natural Polymers Production in the Middle East

In value terms, natural polymers production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Polymers Exports

Exports in the Middle East

In 2022, exports of natural and modified natural polymers in primary forms in the Middle East surged to X tons, growing by X% compared with 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural polymers exports surged to $X in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Israel (X tons) and Turkey (X tons), together committing a X% share of total exports. Kuwait (X tons) and Bahrain (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural polymers exports from the United Arab Emirates stood at X%. At the same time, Israel (X%), Bahrain (X%), Kuwait (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Israel (X p.p.), the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest natural polymers supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Natural Polymers Imports

Imports in the Middle East

In 2022, overseas purchases of natural and modified natural polymers in primary forms increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, 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, natural polymers imports skyrocketed to $X in 2022. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly X% of total imports in 2022. Qatar (X tons) ranks next in terms of the total imports with an X% share, followed by Kuwait (X%), Oman (X%) and Turkey (X%). Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural polymers importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Kuwait, Qatar, Oman and Iraq lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, approximately mirroring the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural polymers import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform