GCC: Market for Plastic Tableware And Kitchenware 2024

Market Size for Plastic Tableware And Kitchenware in GCC

The GCC plastic tableware and kitchenware market fell to $X in 2022, waning by X% against the previous year. The total consumption 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Plastic Tableware And Kitchenware in GCC

In value terms, plastic tableware and kitchenware production soared to $X in 2022 estimated in export price. In general, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Plastic Tableware And Kitchenware

Exports in GCC

In 2022, the amount of plastic tableware and kitchenware exported in GCC surged to X tons, growing by X% compared with the previous year. Total exports indicated a strong 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic tableware and kitchenware exports skyrocketed to $X in 2022. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together took near X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the plastic tableware and kitchenware exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

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

In the United Arab Emirates, plastic tableware and kitchenware exports expanded 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 Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured expansion 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, plastic tableware and kitchenware export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

Imports of Plastic Tableware And Kitchenware

Imports in GCC

In 2022, the amount of plastic tableware and kitchenware imported in GCC declined to X tons, shrinking by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, plastic tableware and kitchenware imports declined remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) was the major importer of plastic tableware and kitchenware, generating X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%), Oman (X%) and Bahrain (X%). Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic tableware and kitchenware imports into Saudi Arabia stood at X%. At the same time, Bahrain (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Bahrain (X p.p.), Saudi Arabia (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest plastic tableware and kitchenware importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising X% of total imports. Oman, Bahrain and Qatar lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in GCC amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

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 Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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