Saudi Arabia: Plastic Bottle Market 2024

Plastic Bottle Market Size in Saudi Arabia

The Saudi plastic bottle market reduced to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. Plastic bottle consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plastic Bottle Production in Saudi Arabia

In value terms, plastic bottle production declined slightly to $X in 2022 estimated in export price. Overall, production saw a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plastic Bottle Exports

Exports from Saudi Arabia

Plastic bottle exports from Saudi Arabia expanded slightly to X tons in 2022, surging by X% against 2021. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic bottle exports reduced to $X in 2022. In general, total exports indicated a strong increase 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, exports decreased by X% against 2015 indices. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for plastic bottle exports from Saudi Arabia, with a X% share of total exports. Moreover, plastic bottle exports to Yemen exceeded the volume sent to the second major destination, Sudan (X tons), fourfold. Kuwait (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Kuwait (X% per year).

In value terms, Yemen ($X) remains the key foreign market for carboys, bottles and similar articles of plastics exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Sudan ($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 to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average plastic bottle export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a noticeable slump. 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 ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lebanon ($X per ton) and Bahrain ($X per ton), while the average price for exports to Yemen ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Plastic Bottle Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant growth in purchases abroad of carboys, bottles and similar articles of plastics, when their volume increased by X% to X tons. In general, total imports indicated a perceptible expansion 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bottle imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Jordan (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of plastic bottle imports to Saudi Arabia, with a combined X% share of total imports. India, Turkey, France and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, Jordan ($X), China ($X) and the United Arab Emirates ($X) were the largest plastic bottle suppliers to Saudi Arabia, together comprising X% of total imports. India, France, Turkey and Egypt lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

The average plastic bottle import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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