Price for Polymers of Ethylene, in Primary Forms in Saudi Arabia - 2022

Contents:

1. Price for Polymers of Ethylene, in Primary Forms in Saudi Arabia (FOB) - 2022
2. Price for Polymers of Ethylene, in Primary Forms in Saudi Arabia (CIF) - 2022
3. Exports of Polymers of Ethylene, in Primary Forms in Saudi Arabia
4. Imports of Polymers of Ethylene, in Primary Forms in Saudi Arabia

Price for Polymers of Ethylene, in Primary Forms in Saudi Arabia (FOB) - 2022

In 2022, the average export price for polymers of ethylene, in primary formses amounted to $1,321 per ton, surging by 8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 47% against the previous year. The export price peaked at $1,563 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,851 per ton), while the average price for exports to Singapore ($1,076 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 Vietnam (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Polymers of Ethylene, in Primary Forms in Saudi Arabia (CIF) - 2022

The average import price for polymers of ethylene, in primary formses stood at $1,722 per ton in 2021, picking up by 30% against the previous year. Over the period under review, the import price, however, recorded a slight descent. Over the period under review, average import prices hit record highs at $1,976 per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Sweden ($4,058 per ton), while the price for Vietnam ($487 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Polymers of Ethylene, in Primary Forms in Saudi Arabia

In 2022, overseas shipments of polymers of ethylene, in primary formses increased by 49% to 14M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of polymers of ethylene, in primary formses soared to $18.9B in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Polymers of Ethylene, in Primary Forms from Saudi Arabia in 2022:

1. China (2.8M tons)
2. Singapore (1.4M tons)
3. United Arab Emirates (0.8M tons)
4. Turkey (0.6M tons)
5. Vietnam (0.6M tons)
6. Malaysia (0.5M tons)
7. Egypt (0.4M tons)
8. India (0.4M tons)
9. Pakistan (0.3M tons)
10. South Africa (0.2M tons)
11. Belgium (0.2M tons)
12. Jordan (0.1M tons)

Imports of Polymers of Ethylene, in Primary Forms in Saudi Arabia

In 2021, purchases abroad of polymers of ethylene, in primary formses decreased by -2.8% to 245K tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 1.8%. As a result, imports attained the peak of 252K tons, and then reduced modestly in the following year.

In value terms, imports of polymers of ethylene, in primary formses skyrocketed to $423M in 2021. The total import value increased at an average annual rate of +9.7% from 2019 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polymers of Ethylene, in Primary Forms to Saudi Arabia in 2022:

1. United Arab Emirates (65.4K tons)
2. United States (59.3K tons)
3. China (24.5K tons)
4. South Korea (15.4K tons)
5. Singapore (14.9K tons)
6. Germany (11.6K tons)
7. Netherlands (10.5K tons)
8. Kuwait (8.7K tons)
9. India (6.3K tons)
10. Belgium (5.3K tons)
11. Vietnam (3.8K tons)
12. Brazil (0.6K tons)

Source: IndexBox Market Intelligence Platform