GCC: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in GCC

The GCC market for polyethylene terephthalate and other polyethylene terephthalate in primary forms rose to $X in 2023, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a slight slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in GCC

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2023 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports in GCC

In 2023, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms was finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a dramatic decline. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms soared to $X in 2023. Over the period under review, exports, however, faced a sharp downturn. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Oman represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons), together comprising a X% share of total exports.

Oman was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms exports, with a CAGR of X% from 2012 to 2023. Saudi Arabia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Oman ($X) emerged as the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Oman, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports in GCC

In 2023, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a abrupt contraction. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms surged to $X in 2023. In general, imports, however, faced a precipitous slump. Over the period under review, imports of attained the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Saudi Arabia (X tons) represented the key importer of polyethylene terephthalate and other polyethylene terephthalate in primary forms, comprising X% of total imports. It was distantly followed by the United Arab Emirates (X tons), committing a X% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the polyethylene terephthalate and other polyethylene terephthalate in primary forms imports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported polyethylene terephthalate and other polyethylene terephthalate in primary forms in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

In Saudi Arabia, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms plunged by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Source: IndexBox Platform