MENA: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in MENA

The MENA's plastic ornamental articles market dropped modestly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a perceptible descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Ornamental Articles Production in MENA

In value terms, plastic ornamental articles production rose to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports in MENA

Plastic ornamental articles exports surged to X tons in 2022, growing by X% compared with 2021. In general, exports saw notable growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

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

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in exports structure, together constituting X% of total exports. Iran (X tons), Kuwait (X tons), Lebanon (X tons) and Israel (X tons) held a little 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 Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest plastic ornamental articles supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Plastic Ornamental Articles Imports

Imports in MENA

In 2022, plastic ornamental articles imports in MENA contracted slightly to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports reached $X in 2022. In general, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iraq was the major importing country with an import of around X tons, which recorded X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons) and Turkey (X tons). All these countries together held near X% share of total imports. Israel (X tons), Algeria (X tons), Yemen (X tons), Qatar (X tons), Kuwait (X tons), Iran (X tons), Libya (X tons) and Djibouti (X tons) held a minor share of total imports.

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, Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Israel, Turkey, Qatar, Kuwait, Algeria, Yemen, Libya, Iran and Djibouti lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 MENA stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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