GCC: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in GCC

The GCC self-adhesive printed label market rose sharply to $X in 2022, surging by 5.6% against the previous year. Over the period under review, consumption, however, saw a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Self-Adhesive Printed Label Production in GCC

In value terms, self-adhesive printed label production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 37%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Self-Adhesive Printed Label Exports

Exports in GCC

After two years of growth, overseas shipments of self-adhesive printed labels decreased by -55.3% to X tons in 2022. Overall, exports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, self-adhesive printed label exports fell to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Oman (X tons), achieving a 6.6% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Oman (+3.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +3.6% from 2012-2022. By contrast, Saudi Arabia (-6.7%) illustrated a downward trend over the same period. The United Arab Emirates (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest self-adhesive printed label supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Oman ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+4.0% per year) and Saudi Arabia (-1.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by 93% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.9%), while the other leaders experienced more modest paces of growth.

Self-Adhesive Printed Label Imports

Imports in GCC

After three years of growth, supplies from abroad of self-adhesive printed labels decreased by -53.6% to X tons in 2022. Overall, imports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, self-adhesive printed label imports declined notably to $X in 2022. In general, imports recorded a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which accounted for 43% of total imports. Qatar (X tons) took the second position in the ranking, followed by Oman (X tons), Bahrain (X tons) and Kuwait (X tons). All these countries together held approx. 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported self-adhesive printed labels in GCC, comprising 47% of total imports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total imports. It was followed by Oman, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Qatar (+11.7% per year) and Oman (+6.4% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Bahrain ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform