GCC: Plaster Article Market 2024

Plaster Article Market Size in GCC

The GCC plaster article market was estimated at $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plaster Article Production in GCC

In value terms, plaster article production expanded significantly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Plaster Article Exports

Exports in GCC

Plaster article exports dropped to X square meters in 2022, shrinking by X% compared with 2021 figures. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, plaster article exports reduced to $X in 2022. Total exports indicated a moderate 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) and Oman (X square meters) represented roughly X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X square meters), constituting an X% share of total exports.

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

In value terms, the largest plaster article supplying countries in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2022, which is down by X% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2022, 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.

Plaster Article Imports

Imports in GCC

In 2022, approx. X square meters of articles of plaster or of compositions based on plaster were imported in GCC; with an increase of X% compared with the previous year. Total imports indicated a measured expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, plaster article imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of plaster article imports in 2022 were Qatar (X square meters), the United Arab Emirates (X square meters), Kuwait (X square meters), Oman (X square meters) and Bahrain (X square meters), together reaching X% of total import. It was distantly followed by Saudi Arabia (X square meters), achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per square meter in 2022, surging by X% against the previous year. In general, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Saudi Arabia ($X per square meter), while Bahrain ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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