Price for Polymers of Styrene, in Primary Forms in the United Arab Emirates - 2022
Contents:
- Price for Polymers of Styrene, in Primary Forms in the United Arab Emirates (CIF) - 2022
- Price for Polymers of Styrene, in Primary Forms in the United Arab Emirates (FOB) - 2022
- Imports of Polymers of Styrene, in Primary Forms in the United Arab Emirates
- Exports of Polymers of Styrene, in Primary Forms in the United Arab Emirates
Price for Polymers of Styrene, in Primary Forms in the United Arab Emirates (CIF) - 2022
The average import price for polymers of styrene, in primary formses stood at $1,719 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 24%. Over the period under review, average import prices hit record highs at $1,870 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,651 per ton), while the price for Germany ($952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polymers of Styrene, in Primary Forms in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for polymers of styrene, in primary formses amounted to $1,581 per ton, growing by 11% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for polymers of styrene, in primary formses increased by +66.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($3,317 per ton), while the average price for exports to Malaysia ($639 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 Australia (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polymers of Styrene, in Primary Forms in the United Arab Emirates
In 2022, the amount of polymers of styrene, in primary formses imported into the United Arab Emirates skyrocketed to 103K tons, rising by 50% compared with 2021 figures. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of polymers of styrene, in primary formses surged to $178M in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Polymers of Styrene, in Primary Forms in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 3.4 | 7.5 | 60.0 | 109.8% |
| Saudi Arabia | 23.8 | 34.6 | 25.8 | 37.0 | 15.8% |
| Taiwan (Chinese) | 8.4 | 6.2 | 7.4 | 24.4 | 42.7% |
| Pakistan | 1.2 | 1.8 | 2.9 | 15.0 | 132.1% |
| Singapore | 0.2 | 0.3 | 0.5 | 10.6 | 275.6% |
| South Korea | 6.6 | 9.0 | 13.3 | 7.4 | 3.9% |
| India | 1.8 | 1.6 | 2.3 | 5.8 | 47.7% |
| Germany | 0.6 | 0.3 | 0.3 | 4.9 | 101.4% |
| Iran | 6.3 | 26.5 | 32.7 | 0.7 | -51.9% |
| Turkey | 11.0 | 3.8 | 0.6 | 0.1 | -79.1% |
| Others | 7.4 | 9.6 | 4.3 | 11.9 | 17.2% |
| Total | 73.8 | 97.1 | 97.5 | 178 | 34.1% |
Top Suppliers of Polymers of Styrene, in Primary Forms to the United Arab Emirates in 2022:
- China (34.2K tons)
- Saudi Arabia (22.8K tons)
- Taiwan (Chinese) (13.1K tons)
- Pakistan (9.3K tons)
- Singapore (6.1K tons)
- Germany (5.1K tons)
- India (3.9K tons)
- South Korea (2.8K tons)
- Iran (0.4K tons)
Exports of Polymers of Styrene, in Primary Forms in the United Arab Emirates
Exports of polymers of styrene, in primary formses from the United Arab Emirates dropped notably to 60K tons in 2022, falling by -18% on the year before. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -9.7% was in 2020.
In value terms, exports of polymers of styrene, in primary formses declined to $95M in 2022. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of $104M, and then fell in the following year.
| Export of Polymers of Styrene, in Primary Forms in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 5.5 | 5.6 | 12.7 | 20.0 | 53.8% |
| Nigeria | 3.6 | 6.3 | 5.5 | 7.2 | 26.0% |
| Mexico | N/A | N/A | N/A | 6.5 | 0% |
| Australia | N/A | N/A | N/A | 4.5 | 0% |
| Malaysia | 0.5 | 1.3 | 1.6 | 4.3 | 104.9% |
| Oman | 3.9 | 3.1 | 4.5 | 4.2 | 2.5% |
| Jordan | 0.1 | 0.1 | 0.1 | 4.2 | 247.6% |
| Tanzania | 2.2 | 2.4 | 4.7 | 3.8 | 20.0% |
| Yemen | 0.1 | N/A | N/A | 3.1 | 214.1% |
| Kuwait | 0.1 | 2.1 | 1.1 | 3.0 | 210.7% |
| Kenya | N/A | 0.2 | 0.6 | 2.9 | 280.8% |
| Egypt | 0.1 | 0.1 | 0.3 | 2.6 | 196.2% |
| Uganda | 0.6 | 0.4 | 0.3 | 1.4 | 32.6% |
| Others | 86.7 | 58.1 | 72.9 | 27.6 | -31.7% |
| Total | 104 | 79.8 | 104 | 95.4 | -2.8% |
Top Export Markets for Polymers of Styrene, in Primary Forms from the United Arab Emirates in 2022:
- Saudi Arabia (11.5K tons)
- Malaysia (6.7K tons)
- Nigeria (5.4K tons)
- Tanzania (3.1K tons)
- Oman (2.9K tons)
- Australia (2.7K tons)
- Jordan (2.3K tons)
- Mexico (2.0K tons)
- Kenya (2.0K tons)
- Egypt (1.9K tons)
- Kuwait (1.5K tons)
- Yemen (1.4K tons)
- Uganda (1.3K tons)
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