MENA: Plastic Container Market 2024

Plastic Container Market Size in MENA

The MENA's plastic container market totaled $X in 2021, flattening at the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Plastic Container Production in MENA

In value terms, plastic container production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Plastic Container Exports

Exports in MENA

In 2021, the amount of plastic containers exported in MENA rose notably to X tons, picking up by 12% on the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 38%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic container exports expanded remarkably to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporter of plastic containers in MENA, with the volume of exports accounting for X tons, which was near 42% of total exports in 2021. Saudi Arabia (X tons) ranks second in terms of the total exports with an 18% share, followed by the United Arab Emirates (15%), Israel (11%) and Oman (6%). The following exporters - Morocco (X tons) and Egypt (X tons) - each recorded a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic container exports from Turkey stood at +15.0%. At the same time, Oman (+21.9%), Morocco (+11.6%), Israel (+5.8%), Egypt (+5.2%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +21.9% from 2012-2021. By contrast, Saudi Arabia (-13.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Oman, Israel and the United Arab Emirates increased by +31, +5, +4.8 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest plastic container supplier in MENA, comprising 45% of total exports. The second position in the ranking was held by Israel ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +14.3%. In the other countries, the average annual rates were as follows: Israel (+6.5% per year) and the United Arab Emirates (+5.3% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, falling by -2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the export price increased by 18%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the other leaders experienced more modest paces of growth.

Plastic Container Imports

Imports in MENA

In 2021, plastic container imports in MENA totaled X tons, growing by 4.4% against the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic container imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +4.1% 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 2018 with an increase of 23%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The United Arab Emirates (X tons), Oman (X tons), Turkey (X tons) and Morocco (X tons) represented roughly 53% of total imports in 2021. Israel (X tons) held a 5.7% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (5.2%) and Iraq (4.5%). Yemen (X tons), Kuwait (X tons), Djibouti (X tons), Libya (X tons), Saudi Arabia (X tons) and Algeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +46.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Morocco ($X) were the countries with the highest levels of imports in 2021, together comprising 44% of total imports. Israel, Oman, Kuwait, Algeria, Djibouti, Iraq, Libya, Bahrain, Saudi Arabia and Yemen lagged somewhat behind, together comprising a further 44%.

Djibouti, with a CAGR of +47.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, falling by -1.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 when the import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform