Saudi Arabia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Saudi Arabia

The Saudi polypropylene in primary forms market contracted to $X in 2022, which is down by X% against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Polypropylene in Primary Forms in Saudi Arabia

In value terms, polypropylene in primary forms production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Polypropylene in primary forms production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports from Saudi Arabia

In 2022, the amount of polypropylene in primary forms exported from Saudi Arabia was estimated at X tons, flattening at 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, polypropylene in primary forms exports shrank markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell notably in the following year.

Exports by Country

Turkey (X tons) was the main destination for polypropylene in primary forms exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, polypropylene in primary forms exports to Turkey exceeded the volume sent to the second major destination, Egypt (X tons), twofold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and China (X% per year).

In value terms, Turkey ($X) remains the key foreign market for polypropylene in primary forms exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and India (X% per year).

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Saudi Arabia

In 2022, supplies from abroad of polypropylene in primary forms decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, polypropylene in primary forms imports dropped notably to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest polypropylene in primary forms supplier to Saudi Arabia, with a X% share of total imports. Moreover, polypropylene in primary forms imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polypropylene in primary forms to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a mild slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform