GCC: Plastic Container Market 2024

Plastic Container Market Size in GCC

The GCC plastic container market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Plastic Container Production in GCC

In value terms, plastic container production fell to $X in 2022 estimated in export price. The total production indicated a moderate 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Plastic Container Exports

Exports in GCC

Plastic container exports surged to X tons in 2022, picking up by X% against the previous year. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic container exports soared to $X in 2022. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of plastic containers, comprising X% of total exports. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. Bahrain (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic container exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest plastic container supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, plastic container exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Plastic Container Imports

Imports in GCC

In 2022, purchases abroad of plastic containers decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports saw a slight decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic container imports rose modestly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons) and Oman (X tons) were the main importers of plastic containers in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Kuwait (X tons), Bahrain (X tons), Saudi Arabia (X tons) and Qatar (X tons), together mixing up a X% share of total imports.

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

In value terms, the United Arab Emirates ($X), Oman ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Saudi Arabia, Bahrain and Qatar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Qatar, with a CAGR of X%, recorded 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 ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 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) :