GCC: Hard Plastic Comb Market 2024

Hard Plastic Comb Exports

Exports in GCC

After two years of decline, overseas shipments of hard rubber or plastic combs increased by 15% to X tons in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 91% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hard plastic comb exports fell slightly to $X in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 214% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X tons, which accounted for 86% of total exports. It was distantly followed by Oman (X tons), making up a 14% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hard plastic comb exports from the United Arab Emirates stood at +4.8%. At the same time, Oman (+42.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +42.3% from 2012-2022. While the share of Oman (+13 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest hard plastic comb supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Oman ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +11.3%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with a decrease of -13.9% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 113%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.2%).

Hard Plastic Comb Imports

Imports in GCC

In 2022, approx. X tons of hard rubber or plastic combs were imported in GCC; declining by -32.4% on 2021 figures. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hard plastic comb imports declined sharply to $X in 2022. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X tons, which was near 72% of total imports in 2022. Oman (X tons) ranks second in terms of the total imports with a 9.9% share, followed by Qatar (9.8%) and Kuwait (6.3%). Bahrain (X tons) held a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -5.6% from 2012 to 2022. At the same time, Qatar (+14.3%), Oman (+11.6%) and Bahrain (+7.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +14.3% from 2012-2022. By contrast, Kuwait (-7.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+15 p.p.), Qatar (+8.6 p.p.), Oman (+8.4 p.p.) and Bahrain (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hard rubber or plastic combs in GCC, comprising 69% of total imports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total imports. It was followed by Kuwait, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled -1.1%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (+14.6% per year) and Kuwait (-0.3% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, falling by -12.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform