MENA: Plastic Bag Market 2024

Plastic Bag Market Size in MENA

The MENA's plastic bag market fell to $X in 2022, shrinking by -5.5% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.1% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plastic Bag Production in MENA

In value terms, plastic bag production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 62% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports in MENA

In 2022, after five years of growth, there was decline in shipments abroad of plastic sacks and bags, when their volume decreased by -0.6% to X tons. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, plastic bag exports rose to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +111.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporter of plastic sacks and bags in MENA, with the volume of exports finishing at X tons, which was approx. 54% of total exports in 2022. Iran (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together took near 34% share of total exports. The following exporters - Palestine (X tons) and Israel (X tons) - each finished at an 8.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic bag exports from Turkey stood at +10.6%. At the same time, Iran (+25.8%), Saudi Arabia (+17.7%), Palestine (+8.6%) and the United Arab Emirates (+6.7%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.8% from 2012-2022. Israel experienced a relatively flat trend pattern. Iran (+16 p.p.), Turkey (+8.1 p.p.) and Saudi Arabia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Israel saw its share reduced by -1.6% and -4.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic bag supplier in MENA, comprising 53% of total exports. The second position in the ranking was taken by Iran ($X), with a 19% share of total exports. It was followed by Israel, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +8.6%. In the other countries, the average annual rates were as follows: Iran (+23.5% per year) and Israel (+0.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2017 an increase of 2.6%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the other leaders experienced more modest paces of growth.

Plastic Bag Imports

Imports in MENA

In 2022, the amount of plastic sacks and bags imported in MENA contracted slightly to X tons, with a decrease of -1.8% compared with 2021 figures. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.5% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 25%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic bag imports reached $X in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of plastic bag imports in 2022 were Saudi Arabia (X tons), the United Arab Emirates (X tons) and Israel (X tons), together finishing at 42% of total import. It was followed by Iraq (X tons), Morocco (X tons), Turkey (X tons) and Oman (X tons), together making up a 26% share of total imports. Kuwait (X tons), Algeria (X tons), Tunisia (X tons), Djibouti (X tons), Yemen (X tons) and Lebanon (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bag importing markets in MENA were Israel ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 42% share of total imports. Turkey, Morocco, Iraq, Tunisia, Algeria, Kuwait, Oman, Djibouti, Yemen and Lebanon lagged somewhat behind, together comprising a further 46%.

Kuwait, with a CAGR of +11.6%, recorded the highest rates of growth with regard to 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

In 2022, the import price in MENA amounted to $X per ton, picking up by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform