Price for Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia - 2022
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia (FOB) - 2022
- Exports of Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia
Price for Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia (FOB) - 2022
The average export price for ethylene polymers; waste, parings and scraps stood at $486 per ton in 2022, rising by 5.6% against the previous year. In general, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 58% against the previous year. The export price peaked at $756 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($812 per ton), while the average price for exports to Pakistan ($263 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 Hong Kong SAR (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia
Exports of ethylene polymers; waste, parings and scraps from Saudi Arabia contracted markedly to 30K tons in 2022, reducing by -22% compared with the previous year. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 89%.
In value terms, exports of ethylene polymers; waste, parings and scraps fell remarkably to $14M in 2022. Overall, total exports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $17M, and then shrank significantly in the following year.
| Export of Ethylene Polymers; Waste, Parings and Scrap in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 0.8 | 1.3 | 6.0 | 88.2% |
| United States | 0.6 | N/A | N/A | 5.1 | 104.1% |
| Malaysia | 0.9 | 0.6 | 1.5 | 1.7 | 23.6% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 1.0 | 71.0% |
| Pakistan | 1.0 | 1.3 | 3.5 | 0.6 | -15.7% |
| China | 5.1 | 8.0 | 8.5 | N/A | 29.1% |
| Italy | 0.2 | 0.2 | 1.8 | N/A | 200.0% |
| Others | 5.0 | 0.3 | 0.7 | N/A | -62.6% |
| Total | 13.9 | 11.3 | 17.5 | 14.4 | 1.2% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Saudi Arabia in 2022:
- India (11.6K tons)
- United States (11.4K tons)
- Pakistan (2.3K tons)
- Taiwan (Chinese) (2.2K tons)
- Malaysia (2.1K tons)
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