GCC: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in GCC

In 2022, the GCC market for plastic plates, sheets, film, foil and strip decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The total consumption indicated strong growth 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 2017 indices. As a result, consumption reached the peak level of $X, and then declined modestly in the following year.

Production of Plastic Plates, Sheets, Film, Foil And Strip in GCC

In value terms, production of plastic plates, sheets, film, foil and strip stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in GCC

In 2022, shipments abroad of plastic plates, sheets, film, foil and strip increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) were the largest exporters of plastic plates, sheets, film, foil and strip in 2022, finishing at approx. X% and X% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons) and Bahrain (X tons), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Bahrain ($X per ton), while Oman ($X per ton) and Saudi Arabia ($X per ton) were 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 export price figures.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in GCC

In 2022, supplies from abroad of plastic plates, sheets, film, foil and strip decreased by X% to X tons, falling for the second year in a row after four years of growth. 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 was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of plastic plates, sheets, film, foil and strip reduced to $X in 2022. The total import value 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 in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X tons, which accounted for X% of total imports. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%), Qatar (X%) and Bahrain (X%).

From 2012 to 2022, average annual rates of growth with regard to plastic plate, sheet, film, foil and strip imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Bahrain (X%), Qatar (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Kuwait (X p.p.), the United Arab Emirates (X p.p.), Bahrain (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic plate, sheet, film, foil and strip importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total imports.

Kuwait, 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

The import price in GCC stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Kuwait ($X per ton) and Qatar ($X per ton), while Oman ($X per ton) and Bahrain ($X per ton) were 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.

Source: IndexBox Platform

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