Middle East: Polyethylene Market Overview 2021

Polyethylene Market Size in the Middle East

The Middle Eastern polyethylene market totaled $X in 2020, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Polyethylene Production in the Middle East

In value terms, polyethylene production dropped modestly to $X in 2020 estimated in export prices. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2014 to 2020, production growth failed to regain the momentum.

Production By Country in the Middle East

Saudi Arabia (X tonnes) remains the largest polyethylene producing country in the Middle East, comprising approx. X% of total volume. Moreover, polyethylene production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (X tonnes), threefold. Turkey (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Saudi Arabia amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Iran (-X% per year) and Turkey (+X% per year).

Polyethylene Exports

Exports in the Middle East

In 2020, approx. X tonnes of polyethylene with a specific gravity of less than X, in primary forms were exported in the Middle East; leveling off at the previous year. Total exports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2014 to 2020, the growth exports remained at a lower figure.

In value terms, polyethylene exports shrank modestly to $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. From 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, Saudi Arabia (X tonnes) represented the largest exporter of polyethylene with a specific gravity of less than X, in primary forms, comprising X% of total exports. It was distantly followed by Iran (X tonnes) and the United Arab Emirates (X tonnes), together making up a X% share of total exports. The following exporters - Israel (X tonnes) and Turkey (X tonnes) - each resulted at a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to polyethylene exports from Saudi Arabia stood at +X%. At the same time, the United Arab Emirates (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. Israel experienced a relatively flat trend pattern. By contrast, Iran (-X%) illustrated a downward trend over the same period. Saudi Arabia (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest polyethylene supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Iran ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Saudi Arabia, polyethylene exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Iran (-X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The polyethylene export price in the Middle East stood at $X per tonne in 2020, declining by -X% against the previous year. Over the period under review, the export price showed a slight decrease. The pace of growth appeared the most rapid in 2011 when the export price increased by X% y-o-y. The level of export peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Israel ($X per tonne) and Saudi Arabia ($X per tonne), while Turkey ($X per tonne) and Iran ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced a decline in the export price figures.

Polyethylene Imports

Imports in the Middle East

In 2020, approx. X tonnes of polyethylene with a specific gravity of less than X, in primary forms were imported in the Middle East; flattening at the year before. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2011 to 2020, the growth imports remained at a lower figure.

In value terms, polyethylene imports reduced modestly to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Turkey was the largest importing country with an import of about X tonnes, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X tonnes), Jordan (X tonnes) and Israel (X tonnes), together creating a X% share of total imports. The following importers - Lebanon (X tonnes), Yemen (X tonnes) and Oman (X tonnes) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms imports, with a CAGR of +X% from 2007 to 2020. At the same time, Jordan (+X%), Yemen (+X%) and Oman (+X%) displayed positive paces of growth. The United Arab Emirates, Lebanon and Israel experienced a relatively flat trend pattern. While the share of Turkey (+X p.p.) and Jordan (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Israel (-X p.p.) and the United Arab Emirates (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported polyethylene with a specific gravity of less than X, in primary forms in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

In Turkey, polyethylene imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Jordan (+X% per year).

Import Prices by Country

In 2020, the polyethylene import price in the Middle East amounted to $X per tonne, dropping by -X% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2011 when the import price increased by X% y-o-y. Over the period under review, import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Yemen ($X per tonne) and Oman ($X per tonne), while Lebanon ($X per tonne) and Jordan ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Yemen, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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The countries with the highest volumes of polyethylene consumption in 2020 were Turkey (1.4M tonnes), Iran (933K tonnes) and Saudi Arabia (802K tonnes), together comprising 84% of total consumption. Israel, the United Arab Emirates, Jordan and Kuwait lagged somewhat behind, together comprising a further 12%.

What are the largest producers of polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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The country with the largest volume of polyethylene production was Saudi Arabia (5.3M tonnes), comprising approx. 65% of total volume. Moreover, polyethylene production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (1.7M tonnes), threefold. Turkey (566K tonnes) ranked third in terms of total production with a 6.9% share.

What are the leading exporters of polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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In value terms, Saudi Arabia ($4.7B) remains the largest polyethylene supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was occupied by Iran ($710M), with a 11% share of total exports. It was followed by the United Arab Emirates, with a 8.2% share.

What are the leading importers of polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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In value terms, Turkey ($980M) constitutes the largest market for imported polyethylene with a specific gravity of less than 0,94, in primary forms in the Middle East, comprising 60% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($273M), with a 17% share of total imports. It was followed by Jordan, with a 5.7% share.

What is the average export price for polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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In 2020, the polyethylene export price in the Middle East amounted to $1,031 per tonne, dropping by -2.3% against the previous year.

What is the average import price for polyethylene with a specific gravity of less than 0,94, in primary forms in the the Middle East?

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In 2020, the polyethylene import price in the Middle East amounted to $1,046 per tonne, dropping by -5.1% against the previous year.