Middle East: Polyethylene Market Overview 2020

Polyethylene Market Size in the Middle East

The Middle Eastern polyethylene market stood at $X in 2019, approximately reflecting the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Polyethylene Production in the Middle East

In value terms, polyethylene production rose rapidly to $X in 2019 estimated in export prices. The total production indicated measured growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2019, production growth remained at a somewhat lower figure.

Production By Country in the Middle East

Saudi Arabia (X tonnes) constituted the country with the largest volume of polyethylene production, 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. Qatar (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in Saudi Arabia amounted to +X%. In the other countries, the average annual rates were as follows: Iran (-X% per year) and Qatar (+X% per year).

Polyethylene Exports

Exports in the Middle East

In 2019, approx. X tonnes of polyethylene were exported in the Middle East; growing by X% compared with the previous year's figure. Total exports indicated resilient growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. The volume of export peaked in 2019 and is likely to see gradual growth in years to come.

In value terms, polyethylene exports reached $X in 2019. Total exports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 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. From 2014 to 2019, the growth exports remained at a lower figure.

Exports by Country

In 2019, Saudi Arabia (X tonnes) was the major exporter of polyethylene, creating X% of total exports. Qatar (X tonnes) held the second position in the ranking, followed by Iran (X tonnes) and the United Arab Emirates (X tonnes). All these countries together occupied approx. X% share of total exports. Kuwait (X tonnes) occupied a relatively small share of total exports.

Exports from Saudi Arabia increased at an average annual rate of +X% from 2007 to 2019. At the same time, the United Arab Emirates (+X%) and Qatar (+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 2007-2019. By contrast, Kuwait (-X%) and Iran (-X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+X p.p.), the United Arab Emirates (+X p.p.) and Qatar (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Iran (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual rate of growth in terms of value in Saudi Arabia amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Qatar (+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 2019, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2019, major exporting countries recorded the following prices: in the United Arab Emirates ($X per tonne) and Qatar ($X per tonne), while Saudi Arabia ($X per tonne) and Kuwait ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced a decline in the export price figures.

Polyethylene Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in purchases abroad of polyethylene, which increased by X% to X tonnes in 2019. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, polyethylene imports contracted slightly to $X in 2019. Total imports indicated mild growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of import peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the largest importer of polyethylene in the Middle East, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2019. It was distantly followed by the United Arab Emirates (X tonnes), Jordan (X tonnes), Israel (X tonnes) and Lebanon (X tonnes), together constituting a X% share of total imports. Saudi Arabia (X tonnes) and Yemen (X tonnes) took a little share of total imports.

From 2007 to 2019, average annual rates of growth with regard to polyethylene imports into Turkey stood at +X%. At the same time, Jordan (+X%), Yemen (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2019. Israel and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Turkey (+X p.p.), Jordan (+X p.p.) and Lebanon (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Saudi Arabia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in Turkey amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Jordan (+X% per year).

Import Prices by Country

In 2019, the polyethylene import price in the Middle East amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2011 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 tonne in 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polyethylene in the the Middle East?

+

The countries with the highest volumes of polyethylene consumption in 2019 were Turkey (1.3M tonnes), Iran (1.1M tonnes) and Saudi Arabia (662K tonnes), with a combined 81% share of total consumption. The United Arab Emirates, Israel, Jordan and Lebanon lagged somewhat behind, together accounting for a further 13%.

What are the largest producers of polyethylene in the the Middle East?

+

Saudi Arabia (5.8M tonnes) constituted the country with the largest volume of polyethylene production, accounting for 57% of total volume. Moreover, polyethylene production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Iran (1.9M tonnes), threefold. The third position in this ranking was occupied by Qatar (1.1M tonnes), with a 11% share.

What are the leading suppliers of polyethylene in the the Middle East?

+

In value terms, Saudi Arabia ($5.7B) remains the largest polyethylene supplier in the Middle East, comprising 62% of total exports. The second position in the ranking was occupied by Qatar ($1.3B), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 9.9% share.

What are the leading importers of polyethylene in the the Middle East?

+

In value terms, Turkey ($944M) constitutes the largest market for imported polyethylene in the Middle East, comprising 47% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($367M), with a 18% share of total imports. It was followed by Jordan, with a 7.3% share.

What is the average export price for polyethylene in the the Middle East?

+

In 2019, the polyethylene export price in the Middle East amounted to $1,119 per tonne, remaining stable against the previous year.

What is the average import price for polyethylene in the the Middle East?

+

The polyethylene import price in the Middle East stood at $1,192 per tonne in 2019, shrinking by -9.4% against the previous year.