Middle East: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in the Middle East

The Middle Eastern non-cellular polystyrene film market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in the Middle East

In value terms, non-cellular polystyrene film production shrank sharply to $X in 2022 estimated in export price. In general, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Cellular Polystyrene Film Exports

Exports in the Middle East

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-cellular polystyrene film exports stood at $X in 2022. Overall, exports, however, continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Israel (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons). All these countries together held near X% share of total exports. Palestine (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polystyrene film exports from Turkey stood at X%. At the same time, Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.), Palestine (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest non-cellular polystyrene film supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, non-cellular polystyrene film exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Israel ($X per ton) was 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 more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports in the Middle East

In 2022, purchases abroad of non-cellular polystyrene films, sheets, foil and strip increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film imports expanded rapidly to $X in 2022. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the largest importing country with an import of about X tons, which resulted at 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%), Israel (X%), Palestine (X%), Oman (X%) and Lebanon (X%).

From 2012 to 2022, average annual rates of growth with regard to non-cellular polystyrene film imports into Turkey stood at X%. At the same time, Palestine (X%), Kuwait (X%), Oman (X%), Lebanon (X%) and Israel (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Kuwait (X p.p.), Israel (X p.p.), Palestine (X p.p.), Oman (X p.p.) and Lebanon (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported non-cellular polystyrene films, sheets, foil and strip in the Middle East, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, flattening at the previous year. Import price indicated resilient growth 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, non-cellular polystyrene film import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Lebanon ($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

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