GCC: Natural Polymers Market 2024

Natural Polymers Market Size in GCC

The GCC natural polymers market surged to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a temperate 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Natural Polymers Production in GCC

In value terms, natural polymers production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Natural Polymers Exports

Exports in GCC

In 2022, overseas shipments of natural and modified natural polymers in primary forms increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, natural polymers exports soared to $X in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, recording X tons, which was near X% of total exports in 2022. Kuwait (X tons) and Bahrain (X tons) took a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the natural and modified natural polymers in primary forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest natural polymers supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, jumping by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Natural Polymers Imports

Imports in GCC

After three years of decline, purchases abroad of natural and modified natural polymers in primary forms increased by X% to X tons in 2022. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural polymers imports surged to $X in 2022. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented the largest importers of natural and modified natural polymers in primary forms in GCC, together reaching near X% of total imports. Qatar (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Oman (X%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported natural and modified natural polymers in primary forms in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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, natural polymers import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform