Saudi Arabia: Polyethylene Market Overview 2020

Polyethylene Market Size in Saudi Arabia

The revenue of the polyethylene market in Saudi Arabia amounted to $X in 2018, declining by -X% against the previous year. Overall, polyethylene consumption, however, continues to indicate conspicuous growth. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. In that year, the polyethylene market attained its peak level of $X, and then declined slightly in the following year.

Polyethylene Production in Saudi Arabia

In value terms, polyethylene production stood at $X in 2018 estimated in export prices. In general, polyethylene production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Over the period under review, polyethylene production reached its maximum level in 2018 and is expected to retain its growth in the near future.

Polyethylene Exports

Exports from Saudi Arabia

In 2018, approx. X tonnes of polyethylene were exported from Saudi Arabia; increasing by X% against the previous year. In general, polyethylene exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, polyethylene exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, polyethylene exports stood at $X in 2018. Overall, polyethylene exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

China (X tonnes), Singapore (X tonnes) and Belgium (X tonnes) were the main destinations of polyethylene exports from Saudi Arabia, with a combined X% share of total exports. Malaysia, India, the United Arab Emirates, Viet Nam, Turkey, Egypt, Pakistan, Jordan and Syrian Arab Republic lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Malaysia, while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Belgium ($X) were the largest markets for polyethylene exported from Saudi Arabia worldwide, together accounting for X% of total exports. These countries were followed by India, Malaysia, the United Arab Emirates, Viet Nam, Turkey, Egypt, Syrian Arab Republic, Pakistan and Jordan, which together accounted for a further X recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average polyethylene export price amounted to $X per tonne, falling by -X% against the previous year. In general, the polyethylene export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Syrian Arab Republic ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Egypt, while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Imports

Imports into Saudi Arabia

In 2018, the amount of polyethylene imported into Saudi Arabia stood at X tonnes, surging by X% against the previous year. Over the period under review, polyethylene imports, however, continue to indicate a drastic decrease. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, polyethylene imports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

In value terms, polyethylene imports stood at $X in 2018. Over the period under review, polyethylene imports, however, continue to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, polyethylene imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

Qatar (X tonnes), the United Arab Emirates (X tonnes) and Germany (X tonnes) were the main suppliers of polyethylene imports to Saudi Arabia, together accounting for X% of total imports. Lebanon, Singapore, Japan, the Netherlands, South Korea and France lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Singapore (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Germany ($X) and the United Arab Emirates ($X) constituted the largest polyethylene suppliers to Saudi Arabia, with a combined X% share of total imports. The Netherlands, Japan, Lebanon, Singapore, South Korea and France lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average polyethylene import price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the polyethylene import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for France ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform