Middle East: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in the Middle East

The Middle Eastern market for boards, sheets, panels, tiles and similar articles of plaster not faced rose notably to $X in 2021, with an increase of 5.9% against the previous year. Overall, consumption showed a slight shrinkage. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in the Middle East

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -35.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 35% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in the Middle East

Exports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to X square meters in 2021, increasing by 30% against the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 30%. Over the period under review, the exports of attained the peak figure at X square meters in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2021. Overall, exports, however, saw a mild descent. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X square meters) and Turkey (X square meters) represented roughly 75% of total exports in 2021. It was distantly followed by the United Arab Emirates (X square meters), constituting a 23% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +8.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest board, sheet, panel, tile and similar article of plaster not faced supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for 97% of total exports.

Turkey, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per square meter, picking up by 9.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in the Middle East

In 2021, purchases abroad of boards, sheets, panels, tiles and similar articles of plaster not faced was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports of attained the peak figure at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced rose notably to $X in 2021. Overall, imports, however, recorded a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importer of boards, sheets, panels, tiles and similar articles of plaster not faced in the Middle East, with the volume of imports resulting at X square meters, which was approx. 60% of total imports in 2021. Iraq (X square meters) ranks second in terms of the total imports with a 15% share, followed by Israel (4.7%) and Oman (4.6%). The following importers - Turkey (X square meters), Saudi Arabia (X square meters) and Jordan (X square meters) - together made up 10% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, Israel (+10.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +10.7% from 2012-2021. By contrast, Oman (-4.5%), Turkey (-5.0%), Saudi Arabia (-17.1%), Iraq (-17.5%) and Jordan (-17.6%) illustrated a downward trend over the same period. The United Arab Emirates (+46 p.p.) and Israel (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Jordan, Saudi Arabia and Iraq saw its share reduced by -3.2%, -5.5% and -24% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in the Middle East, comprising 51% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Turkey, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +8.0%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (-14.1% per year) and Turkey (-5.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2021, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per square meter; afterwards, it flattened through to 2021.

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 Turkey ($X per square meter), while the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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