Middle East: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the Middle East

The Middle Eastern market for polyethylene terephthalate and other polyethylene terephthalate in primary forms contracted to $X in 2022, falling by X% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in the Middle East

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in the Middle East

Exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to X tons in 2022, rising by X% compared with the year before. In general, exports, however, recorded a deep slump. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022. Over the period under review, exports, however, faced a deep slump. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iran (X tons), Oman (X tons) and Saudi Arabia (X tons) represented roughly X% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Iran ($X), Oman ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Oman ($X per ton), while Saudi Arabia ($X per ton) and Iran ($X per ton) were 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.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in the Middle East

In 2022, the amount of polyethylene terephthalate and other polyethylene terephthalate in primary forms imported in the Middle East totaled X tons, leveling off at 2021 figures. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X in 2022. In general, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) was the key importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms, generating X% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a X% share, followed by Yemen (X%). The following importers - Lebanon (X tons), the United Arab Emirates (X tons), Jordan (X tons) and Palestine (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to polyethylene terephthalate and other polyethylene terephthalate in primary forms imports into Iran stood at X%. At the same time, Palestine (X%) and Yemen (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%), Jordan (X%), Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iran, Yemen, Saudi Arabia and Palestine increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Yemen, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Iran amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Yemen (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2022, 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