Saudi Arabia: Plastic Container Market 2024

Plastic Container Market Size in Saudi Arabia

The Saudi plastic container market reduced modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Plastic Container Production in Saudi Arabia

In value terms, plastic container production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed tangible growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Plastic Container Exports

Exports from Saudi Arabia

Plastic container exports from Saudi Arabia stood at X tons in 2022, with an increase of X% against 2021 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastic container exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Jordan (X tons) were the main destinations of plastic container exports from Saudi Arabia, together comprising X% of total exports.

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

In value terms, the largest markets for plastic container exported from Saudi Arabia were the United Arab Emirates ($X), Bahrain ($X) and Jordan ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic container export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Bahrain ($X per ton) 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 more modest paces of growth.

Plastic Container Imports

Imports into Saudi Arabia

In 2022, after two years of decline, there was significant growth in supplies from abroad of plastic containers, when their volume increased by X% to X tons. Overall, imports, however, recorded a deep downturn. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic container imports surged to $X in 2022. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of plastic container imports to Saudi Arabia, together comprising X% of total imports. The United States and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), China ($X) and the United States ($X) appeared to be the largest plastic container suppliers to Saudi Arabia, together accounting for X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average plastic container import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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

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

Source: IndexBox Platform

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