Middle East: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in the Middle East

In 2022, the Middle Eastern plastic ornamental articles market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a perceptible decline. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Plastic Ornamental Articles Production in the Middle East

In value terms, plastic ornamental articles production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Ornamental Articles Exports

Exports in the Middle East

In 2022, plastic ornamental articles exports in the Middle East skyrocketed to X tons, picking up by X% on 2021 figures. Overall, exports posted noticeable growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic ornamental articles exports soared to $X in 2022. In general, exports posted a strong expansion. As a result, the exports attained 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) dominates exports structure, together constituting X% of total exports. Iran (X tons), Kuwait (X tons), Lebanon (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a resilient increase. 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 the Middle East

In 2022, the amount of statuettes and other ornamental articles of plastic imported in the Middle East dropped to X tons, shrinking by X% compared with the previous year. Over the period under review, imports showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports rose to $X in 2022. Overall, imports recorded a pronounced curtailment. The pace of growth was the most pronounced 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

In 2022, Iraq (X tons) was the key importer of statuettes and other ornamental articles of plastic, committing X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Turkey (X tons) and Israel (X tons), together generating a X% share of total imports. The following importers - Yemen (X tons) and Qatar (X tons) - each finished at a X% 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, the largest plastic ornamental articles importing markets in the Middle East were Iraq ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Israel, Turkey, Qatar and Yemen lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to 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, increasing by 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 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 Yemen (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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