MENA: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in MENA

The MENA's plastic household articles market shrank to $X in 2022, waning by -8.5% against the previous year. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Household Articles Production in MENA

In value terms, plastic household articles production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 59%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Household Articles Exports

Exports in MENA

In 2022, after five years of growth, there was significant decline in shipments abroad of household articles and toilet articles of plastics, when their volume decreased by -8% to X tons. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +43.0% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 26%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, plastic household articles exports dropped slightly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +65.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

Turkey was the largest exporting country with an export of around X tons, which amounted to 65% of total exports. Israel (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together took near 22% share of total exports. The following exporters - Iran (X tons), Saudi Arabia (X tons) and Morocco (X tons) - together made up 8.5% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic household articles exports from Turkey stood at +11.7%. At the same time, Iran (+13.5%), Morocco (+13.5%) and Israel (+3.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +13.5% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-14.2%) illustrated a downward trend over the same period. Turkey (+26 p.p.) and Iran (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Israel, the United Arab Emirates and Saudi Arabia saw its share reduced by -5.3%, -5.5% and -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic household articles supplier in MENA, comprising 58% of total exports. The second position in the ranking was taken by Israel ($X), with a 27% share of total exports. It was followed by the United Arab Emirates, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +10.3%. In the other countries, the average annual rates were as follows: Israel (+4.6% per year) and the United Arab Emirates (+3.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, increasing by 4.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 8.5%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.2%), while the other leaders experienced more modest paces of growth.

Plastic Household Articles Imports

Imports in MENA

In 2022, the amount of household articles and toilet articles of plastics imported in MENA contracted to X tons, falling by -5.2% on 2021. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +9.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 32%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastic household articles imports shrank modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +18.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 43%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the largest importers of household articles and toilet articles of plastics in MENA, together creating 42% of total imports. It was distantly followed by Iraq (X tons) and Israel (X tons), together achieving a 20% share of total imports. Turkey (X tons), Morocco (X tons), Kuwait (X tons), Libya (X tons), Iran (X tons), Oman (X tons), Algeria (X tons), Qatar (X tons) and Syrian Arab Republic (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +23.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic household articles importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), with a combined 52% share of total imports. Iraq, Turkey, Morocco, Kuwait, Libya, Algeria, Qatar, Iran, Oman and Syrian Arab Republic lagged somewhat behind, together accounting for a further 37%.

Among the main importing countries, Iraq, with a CAGR of +13.7%, recorded 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

The import price in MENA stood at $X per ton in 2022, growing by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 when the import price increased by 21%. The level of import peaked in 2022 and is likely to continue growth in the near future.

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 Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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