Saudi Arabia: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2024

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Saudi Arabia

The Saudi polystyrene in primary forms market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Saudi Arabia

In value terms, polystyrene in primary forms production expanded significantly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Saudi Arabia

After two years of growth, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by X% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons), the United Arab Emirates (X tons) and China (X tons) were the main destinations of polystyrene in primary forms exports from Saudi Arabia, together comprising X% of total exports. Kuwait, India, Egypt, Turkey, Iraq, Algeria and Lebanon lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), the United Arab Emirates ($X) and Kuwait ($X) were the largest markets for polystyrene in primary forms exported from Saudi Arabia worldwide, with a combined X% share of total exports. China, India, Egypt, Turkey, Iraq, Algeria and Lebanon lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a slight slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Iraq ($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 Egypt (X%), while the prices for the other major destinations experienced a decline.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Saudi Arabia

In 2021, the amount of polystyrene in primary forms (excluding expansible polystyrene) imported into Saudi Arabia amounted to X tons, remaining relatively unchanged against the previous year's figure. Overall, imports saw a slight decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports amounted to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of polystyrene in primary forms to Saudi Arabia, accounting for a X% share of total imports. Moreover, polystyrene in primary forms imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2014 when the average import price decreased by X%. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform