MENA: Plastic Support Market 2024

Plastic Support Market Size in MENA

The MENA's plastic support market stood at $X in 2022, growing by 3.1% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plastic Support Production in MENA

In value terms, plastic support production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 7.7%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Plastic Support Exports

Exports in MENA

In 2022, approx. X tons of spools, cops and similar supports of plastics were exported in MENA; remaining constant against the previous year's figure. The total export volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic support exports expanded to $X in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey was the main exporter of spools, cops and similar supports of plastics in MENA, with the volume of exports resulting at X tons, which was near 54% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons) and Israel (X tons), together committing a 34% share of total exports. The following exporters - Egypt (X tons), Bahrain (X tons) and Tunisia (X tons) - together made up 8.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic support exports from Turkey stood at +6.8%. At the same time, Israel (+7.3%), Tunisia (+6.6%), Saudi Arabia (+5.0%) and the United Arab Emirates (+2.2%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +7.3% from 2012-2022. By contrast, Bahrain (-5.6%) and Egypt (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Israel increased by +11 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic support supplier in MENA, comprising 54% of total exports. The second position in the ranking was taken by Israel ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +8.3%. In the other countries, the average annual rates were as follows: Israel (+8.4% per year) and the United Arab Emirates (+0.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by 3.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 11%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.4%), while the other leaders experienced more modest paces of growth.

Plastic Support Imports

Imports in MENA

In 2022, the amount of spools, cops and similar supports of plastics imported in MENA rose modestly to X tons, surging by 2.3% compared with the previous year. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports stood at $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

The purchases of the twelve major importers of spools, cops and similar supports of plastics, namely Turkey, Saudi Arabia, the United Arab Emirates, Algeria, Morocco, Israel, Iraq, Yemen, Tunisia, Oman, Egypt and Libya, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +9.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 44% of total imports.

Turkey, with a CAGR of +8.7%, saw the highest growth rate of the value of imports, among 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

The import price in MENA stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 6.2% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Egypt ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform