MENA: Plastic Supports Market 2024

Plastic Supports Market Size in MENA

The MENA's plastic supports market fell to $X in 2022, waning by -6.8% against the previous year. In general, consumption, however, continues to indicate a pronounced expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Plastic Supports Production in MENA

In value terms, plastic supports production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 63%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Plastic Supports Exports

Exports in MENA

In 2022, approx. X tons of spools, cops, bobbins and similar supports of plastics were exported in MENA; with an increase of 9% compared with 2021 figures. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +60.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, plastic supports exports totaled $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 68%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey represented the key exporter of spools, cops, bobbins and similar supports of plastics in MENA, with the volume of exports amounting to X tons, which was approx. 54% of total exports in 2022. Morocco (X tons) ranks second in terms of the total exports with a 20% share, followed by Tunisia (10%), Israel (6.7%) and the United Arab Emirates (5.4%). Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Israel (+42.9%), Saudi Arabia (+6.3%), Morocco (+5.9%), Tunisia (+5.1%) and the United Arab Emirates (+1.9%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +42.9% from 2012-2022. Israel (+6.3 p.p.) significantly strengthened its position in terms of the total exports, while Turkey and the United Arab Emirates saw its share reduced by -2.2% and -2.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic supports supplier in MENA, comprising 54% of total exports. The second position in the ranking was taken by Morocco ($X), with a 22% share of total exports. It was followed by Tunisia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +12.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+7.2% per year) and Tunisia (+4.9% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2021 when the export price increased by 14%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the other leaders experienced more modest paces of growth.

Plastic Supports Imports

Imports in MENA

In 2022, the amount of spools, cops, bobbins and similar supports of plastics imported in MENA amounted to X tons, standing approx. at 2021 figures. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 41%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, plastic supports imports declined to $X in 2022. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 43% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Turkey (X tons) represented the main importer of spools, cops, bobbins and similar supports of plastics, generating 47% of total imports. Tunisia (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Israel (9.7%), the United Arab Emirates (9.7%) and Morocco (6.8%). The following importers - Algeria (X tons) and Iran (X tons) - each resulted at a 4.4% share of total imports.

Imports into Turkey increased at an average annual rate of +13.1% from 2012 to 2022. At the same time, Tunisia (+21.2%), the United Arab Emirates (+14.8%), Israel (+7.4%), Morocco (+7.2%), Algeria (+6.9%) and Iran (+4.6%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in MENA, with a CAGR of +21.2% from 2012-2022. From 2012 to 2022, the share of Turkey, Tunisia and the United Arab Emirates increased by +15, +8.2 and +4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in MENA, comprising 44% of total imports. The second position in the ranking was held by Tunisia ($X), with a 14% share of total imports. It was followed by Israel, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +13.1%. In the other countries, the average annual rates were as follows: Tunisia (+22.6% per year) and Israel (+9.2% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, which is down by -5.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 12%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform