Saudi Arabia: Polyethylene Market Overview 2021

Polyethylene Market Size in Saudi Arabia

For the third year in a row, the Saudi polyethylene market recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Polyethylene consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Polyethylene Production in Saudi Arabia

In value terms, polyethylene production shrank sharply to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Polyethylene Exports

Exports from Saudi Arabia

In 2020, the amount of polyethylene with a specific gravity of less than X, in primary forms exported from Saudi Arabia shrank remarkably to X tonnes, with a decrease of -X% compared with 2019 figures. Over the period under review, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, polyethylene exports shrank notably to $X in 2020. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

Singapore (X tonnes) was the main destination for polyethylene exports from Saudi Arabia, with a X% share of total exports. Moreover, polyethylene exports to Singapore exceeded the volume sent to the second major destination, China (X tonnes), twofold. Malaysia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Singapore stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Malaysia (+X% per year).

In value terms, Singapore ($X) remains the key foreign market for polyethylene exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Singapore totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average polyethylene export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Syrian Arab Republic ($X per tonne), while the average price for exports to Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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 a decline.

Polyethylene Imports

Imports into Saudi Arabia

In 2020, the amount of polyethylene with a specific gravity of less than X, in primary forms imported into Saudi Arabia shrank rapidly to X tonnes, waning by -X% on 2019. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, polyethylene imports shrank rapidly to $X in 2020. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tonnes), Germany (X tonnes) and Qatar (X tonnes) were the main suppliers of polyethylene imports to Saudi Arabia, together comprising X% of total imports. The U.S., Brazil, Singapore and South Korea lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Singapore, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the largest polyethylene suppliers to Saudi Arabia, with a combined X% share of total imports. The U.S., Brazil, Singapore and South Korea lagged somewhat behind, together comprising a further X the main suppliers, Singapore saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average polyethylene import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price saw a slight contraction. The growth pace was the most rapid in 2010 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform