MENA: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in MENA

The MENA's market for plastic plates, sheets, film, foil and strip soared to $X in 2021, increasing by 15% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Plastic Plates, Sheets, Film, Foil And Strip in MENA

In value terms, production of plastic plates, sheets, film, foil and strip soared to $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 91%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in MENA

In 2021, the amount of plastic plates, sheets, film, foil and strip exported in MENA reached X tons, surging by 14% on the previous year's figure. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.7% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 18% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total export value increased at an average annual rate of +6.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) was the major exporter of plastic plates, sheets, film, foil and strip, making up 37% of total exports. It was distantly followed by Oman (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Israel (X tons), Egypt (X tons) and Bahrain (X tons), together mixing up a 59% share of total exports.

Exports from Turkey increased at an average annual rate of +12.5% from 2012 to 2021. At the same time, Oman (+19.2%), Egypt (+9.7%), Bahrain (+9.7%) and Saudi Arabia (+5.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +19.2% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Oman increased by +12 and +11 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic plate, sheet, film, foil and strip supplier in MENA, comprising 41% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 12% share of total exports. It was followed by Israel, with a 12% share.

In Turkey, exports of plastic plates, sheets, film, foil and strip increased at an average annual rate of +10.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+6.2% per year) and Israel (+1.2% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in MENA

In 2021, the amount of plastic plates, sheets, film, foil and strip imported in MENA expanded markedly to X tons, surging by 7% on the previous year. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when imports increased by 10% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Algeria (X tons), Israel (X tons) and Morocco (X tons) represented the largest importers of plastic plates, sheets, film, foil and strip, together mixing up 71% of total imports. Egypt (X tons), Iraq (X tons), Tunisia (X tons), Oman (X tons), Kuwait (X tons), Iran (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in MENA, comprising 30% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Israel, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +2.6%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.6% per year) and Israel (+4.7% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, increasing by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Iran ($X per ton), while Iraq ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform