Saudi Arabia: Plaster Article Market 2024

Plaster Article Market Size in Saudi Arabia

The Saudi plaster article market reached $X in 2022, increasing by X% against the previous year. Overall, consumption saw mild 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.

Plaster Article Production in Saudi Arabia

In value terms, plaster article production reached $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Plaster Article Exports

Exports from Saudi Arabia

In 2022, exports of articles of plaster or of compositions based on plaster from Saudi Arabia dropped slightly to X square meters, almost unchanged from the previous year's figure. Overall, total exports indicated prominent growth 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, plaster article exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X square meters), Bahrain (X square meters) and India (X square meters) were the main destinations of plaster article exports from Saudi Arabia, with a combined X% share of total exports. The United Arab Emirates, Egypt, South Africa, Kuwait and Lebanon lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the key foreign market for articles of plaster or of compositions based on plaster exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average plaster article export price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per square meter), while the average price for exports to Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Plaster Article Imports

Imports into Saudi Arabia

After two years of decline, overseas purchases of articles of plaster or of compositions based on plaster increased by X% to X square meters in 2022. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the peak figure at X square meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster article imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep contraction. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plaster article supplier to Saudi Arabia, with a X% share of total imports. Moreover, plaster article imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), fourfold. Germany (X square meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, the largest plaster article suppliers to Saudi Arabia were the United Arab Emirates ($X), China ($X) and Germany ($X), together accounting for X% of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average plaster article import price stood at $X per square meter in 2022, growing by X% against the previous year. In general, import price indicated a measured expansion 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, plaster article import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Oman ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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