GCC: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in GCC

In 2021, the GCC market for boards, sheets, panels, tiles and similar articles of plaster not faced decreased by -2% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, continues to indicate a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in GCC

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced expanded modestly to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in GCC

Exports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to X square meters in 2021, increasing by 32% against the previous year. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, the exports of reached the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 47% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the major exporting country with an export of around X square meters, which amounted to 63% of total exports. It was distantly followed by the United Arab Emirates (X square meters), achieving a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of +4.1%).

In value terms, the largest board, sheet, panel, tile and similar article of plaster not faced supplying countries in GCC were Saudi Arabia ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of -4.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2021, with an increase of 2.9% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 5.7%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-7.3%).

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in GCC

In 2021, supplies from abroad of boards, sheets, panels, tiles and similar articles of plaster not faced was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 24% against the previous year. The volume of import peaked at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 26%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in faced structure, recording X square meters, which was near 84% of total imports in 2021. It was distantly followed by Oman (X square meters) and Saudi Arabia (X square meters), together comprising a 12% share of total imports. The following importers - Kuwait (X square meters) and Qatar (X square meters) - each amounted to a 3.6% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the boards, sheets, panels, tiles and similar articles of plaster not faced imports, with a CAGR of +8.0% from 2012 to 2021. Oman (-4.5%), Kuwait (-6.7%), Saudi Arabia (-17.1%) and Qatar (-27.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +51 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in GCC, comprising 76% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.4% share of total imports. It was followed by Oman, with a 7.4% share.

In the United Arab Emirates, imports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded at an average annual rate of +8.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-14.4% per year) and Oman (-9.5% per year).

Import Prices by Country

The import price in GCC stood at $X per square meter in 2021, with a decrease of -7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 15%. As a result, import price attained the peak level of $X per square meter. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per square meter), while the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform