Middle East: Plastic Container Market 2024

Plastic Container Market Size in the Middle East

After two years of growth, the Middle Eastern plastic container market decreased by X% to $X in 2022. Overall, consumption, however, saw a pronounced expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Plastic Container Production in the Middle East

In value terms, plastic container production dropped to $X in 2022 estimated in export price. In general, production saw resilient growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Container Exports

Exports in the Middle East

In 2022, overseas shipments of plastic containers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic container exports soared to $X in 2022. In general, exports posted 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 represented the major exporter of plastic containers in the Middle East, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Israel (X%).

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. These countries were followed by Saudi Arabia, which accounted for a further X%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 the Middle East stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while Saudi Arabia ($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 more modest paces of growth.

Plastic Container Imports

Imports in the Middle East

After five years of growth, overseas purchases of plastic containers decreased by X% to X tons in 2022. Total imports indicated a temperate 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped slightly in the following year.

In value terms, plastic container imports expanded rapidly to $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Iraq (X tons), the United Arab Emirates (X tons), Oman (X tons) and Turkey (X tons) was the major importer of plastic containers in the Middle East, mixing up X% of total import. Israel (X tons) ranks next in terms of the total imports with a X% share, followed by Kuwait (X%), Bahrain (X%) and Saudi Arabia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic container importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total imports. Iraq, Oman, Kuwait, Saudi Arabia and Bahrain lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw 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 the Middle East stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Iraq ($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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