GCC: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in GCC

In 2022, the GCC market for floor, wall or ceiling coverings of plastics decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated a remarkable increase 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. The level of consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in GCC

In value terms, production of floor, wall or ceiling coverings of plastics amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in GCC

In 2022, overseas shipments of floor, wall or ceiling coverings of plastics were finally on the rise to reach X square meters after two years of decline. In general, exports posted a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics surged to $X in 2022. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of floor, wall or ceiling coverings of plastics in GCC, with the volume of exports reaching X square meters, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X square meters), comprising a X% share of total exports. Oman (X square meters) held a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest plastic floor, wall and ceiling coverings supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per square meter, with an increase of X% against the previous year. Export price indicated measured 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, export price for floor, wall or ceiling coverings of plastics increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Saudi Arabia ($X per square meter), while Oman ($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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports in GCC

After five years of growth, supplies from abroad of floor, wall or ceiling coverings of plastics decreased by X% to X square meters in 2022. Total imports indicated a resilient increase 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 2016 indices. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked at X square meters in 2021, and then shrank sharply in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced to $X in 2022. Total imports indicated a resilient 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The United Arab Emirates (X square meters) and Saudi Arabia (X square meters) dominates plastics structure, together generating X% of total imports. It was distantly followed by Kuwait (X square meters), creating a X% share of total imports. Oman (X square meters) and Bahrain (X square meters) followed a long way behind the leaders.

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

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in GCC amounted to $X per square meter, approximately mirroring the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the United Arab Emirates ($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 Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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