GCC: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in GCC

The GCC non-cellular polystyrene film market expanded significantly to $X in 2022, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in GCC

In value terms, non-cellular polystyrene film production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports in GCC

After three years of growth, shipments abroad of non-cellular polystyrene films, sheets, foil and strip decreased by X% to X tons in 2022. Overall, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film exports skyrocketed to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Oman (X tons), creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) 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 more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports in GCC

In 2022, overseas purchases of non-cellular polystyrene films, sheets, foil and strip increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-cellular polystyrene film imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Kuwait (X tons) represented the key importers of non-cellular polystyrene films, sheets, foil and strip in GCC, together committing X% of total imports. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%) and Qatar (X%).

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 largest non-cellular polystyrene film importing markets in GCC were Kuwait ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total imports. Bahrain and Qatar lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 ton in 2022, rising by X% against the previous year. Import price indicated a remarkable increase 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, non-cellular polystyrene film import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :