MENA: Plastic Box Market 2024

Plastic Box Market Size in MENA

The MENA's plastic box market reduced to $X in 2022, waning by -8.4% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.3% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plastic Box Production in MENA

In value terms, plastic box production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 70%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Box Exports

Exports in MENA

For the third year in a row, MENA recorded growth in overseas shipments of plastic boxes, cases, crates and similar packing articles, which increased by 6.1% to X tons in 2022. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +16.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 15%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, plastic box exports expanded rapidly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +45.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) and Israel (X tons) dominates exports structure, together committing 79% of total exports. Saudi Arabia (X tons) took a 5.6% share (based on physical terms) of total exports, which put it in second place, followed by Morocco (5.1%). The following exporters - the United Arab Emirates (X tons) and Egypt (X tons) - together made up 4.8% of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2022, together comprising 87% of total exports. Saudi Arabia, Egypt and the United Arab Emirates lagged somewhat behind, together comprising a further 7.5%.

Egypt, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by 3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 10%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 the United Arab Emirates (+7.5%), while the other leaders experienced more modest paces of growth.

Plastic Box Imports

Imports in MENA

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported in MENA; approximately mirroring 2021. The total import volume increased at an average annual rate of +3.4% 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 15%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic box imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +4.6% 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. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Turkey (X tons), distantly followed by Morocco (X tons), Israel (X tons), Tunisia (X tons), the United Arab Emirates (X tons) and Iraq (X tons) represented the key importers of plastic boxes, cases, crates and similar packing articles, together making up 81% of total imports. Kuwait (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Turkey (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Tunisia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 55% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the import price increased by 10% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform