Saudi Arabia"s petrochemical sector, particularly in ethylene, plays a significant role in the global market. In 2023, the country imported 28. 34 million kg of ethylene-vinyl acetate copolymers, valued at approximately $67. 93 million. This marks a decrease in import volume compared to 2022, where 36. 68 million kg was procured at a higher value of $88. 37 million. Notably, the import price per kg has decreased, indicating a potential decrease in global demand or increased competition among suppliers.

Conversely, Saudi Arabia"s export activity has shown resilience. In 2023, exports amounted to 171. 60 million kg, valued at $413. 36 million. Although there was a decline in volume from the 2022 figures of 240. 81 million kg, the value per kg remains stable, suggesting robust international demand and pricing power. The dynamics of domestic exports closely mirror overall export trends, emphasizing the importance of Saudi Arabia"s ethylene production capacity and its strategic influence on pricing within the global market. The re-export figures, however, are negligible, indicating minimal intermediary trade activity.

For businesses looking to engage with Saudi Arabia"s ethylene market, understanding these trends provides a competitive advantage. It highlights the need for strategic sourcing and pricing strategies to navigate fluctuations in trade volumes and commodity prices. As businesses explore trade opportunities with Saudi Arabia, Aritral offers a strategic edge. It is an AI-driven B2B platform that simplifies international trade, providing tools for product listing, direct communication, and global sales assistance. Aritral"s AI-powered marketing and profile management services ensure businesses stay competitive in the dynamic petrochemicals market. "