Middle East: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the Middle East

The Middle Eastern market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning declined to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a slight decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in the Middle East

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports in the Middle East

In 2022, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported in the Middle East contracted to X tons, shrinking by X% against 2021 figures. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning reduced to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Saudi Arabia represented the main exporter of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Turkey (X tons) ranks second in terms of the total exports with an X% share, followed by Iran (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%) and Iran (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Iran, with a X% share.

In Saudi Arabia, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Saudi Arabia ($X per ton), while Iran ($X per ton) and Turkey ($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 mixed trends in the export price figures.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports in the Middle East

After two years of growth, supplies from abroad of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning decreased by X% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2021, and then shrank markedly in the following year.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning fell notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Turkey (X tons) and Israel (X tons) prevails in spinning structure, together comprising X% of total imports. The United Arab Emirates (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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