GCC: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in GCC

The GCC non-cellular polypropylene film market fell to $X in 2021, which is down by -6.9% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Production in GCC

In value terms, non-cellular polypropylene film production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Exports

Exports in GCC

In 2021, shipments abroad of non-cellular polypropylene films, sheets, foil and strip increased by 23% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-cellular polypropylene film exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Saudi Arabia (X tons) represented the largest exporter of non-cellular polypropylene films, sheets, foil and strip, committing 49% of total exports. The United Arab Emirates (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Oman (24%).

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +10.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest non-cellular polypropylene film supplying countries in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 99% share of total exports.

Saudi Arabia, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, rising by 31% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+0.8%), while the other leaders experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports in GCC

In 2021, supplies from abroad of non-cellular polypropylene films, sheets, foil and strip increased by 20% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 34%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, non-cellular polypropylene film imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the largest importer of non-cellular polypropylene films, sheets, foil and strip in GCC, with the volume of imports recording X tons, which was approx. 67% of total imports in 2021. Saudi Arabia (X tons) ranks second in terms of the total imports with a 12% share, followed by Oman (10%) and Bahrain (5.1%). The following importers - Kuwait (X tons) and Qatar (X tons) - each finished at a 6.4% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, Qatar (+19.1%), Bahrain (+17.3%), Kuwait (+5.9%) and Oman (+2.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +19.1% from 2012-2021. By contrast, Saudi Arabia (-7.3%) illustrated a downward trend over the same period. The United Arab Emirates (+20 p.p.), Bahrain (+3.2 p.p.) and Qatar (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Saudi Arabia saw its share reduced by -1.9% and -23.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-cellular polypropylene films, sheets, foil and strip in GCC, comprising 68% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total imports. It was followed by Oman, with a 9.3% share.

In the United Arab Emirates, non-cellular polypropylene film imports expanded at an average annual rate of +10.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-6.7% per year) and Oman (+4.2% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, picking up by 24% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Qatar ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform