Middle East: Plastic Bottle Market 2024

Plastic Bottle Market Size in the Middle East

The Middle Eastern plastic bottle market reached $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 5.3%. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Plastic Bottle Production in the Middle East

In value terms, plastic bottle production contracted markedly to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, production reached the peak level of $X, and then shrank sharply in the following year.

Plastic Bottle Exports

Exports in the Middle East

In 2022, approx. X tons of carboys, bottles and similar articles of plastics were exported in the Middle East; jumping by 30% against 2021 figures. The total export volume increased at an average annual rate of +3.2% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic bottle exports surged to $X in 2022. Total exports indicated buoyant growth from 2020 to 2022: its value increased at an average annual rate of +11.5% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons) and Jordan (X tons) prevails in exports structure, together mixing up 92% of total exports. It was distantly followed by Lebanon (X tons), comprising a 5.8% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

From 2020 to 2022, the biggest increases were recorded for Jordan (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest plastic bottle supplying countries in the Middle East were Israel ($X), Jordan ($X) and Lebanon ($X), with a combined 99% share of total exports.

Among the main exporting countries, Jordan, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +8.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+10.7%).

Plastic Bottle Imports

Imports in the Middle East

Plastic bottle imports expanded notably to X tons in 2022, picking up by 12% against 2021 figures. Total imports indicated significant growth from 2020 to 2022: its volume increased at an average annual rate of +22.0% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, plastic bottle imports surged to $X in 2022. Total imports indicated a significant increase from 2020 to 2022: its value increased at an average annual rate of +33.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Israel represented the main importer of carboys, bottles and similar articles of plastics in the Middle East, with the volume of imports amounting to X tons, which was near 83% of total imports in 2022. It was distantly followed by Jordan (X tons), comprising a 13% share of total imports. Palestine (X tons) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the carboys, bottles and similar articles of plastics imports, with a CAGR of +11.2% from 2020 to 2022. Jordan experienced a relatively flat trend pattern. Palestine (-50.2%) illustrated a downward trend over the same period. Jordan (+13 p.p.) and Palestine (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -17% from 2020 to 2022, respectively.

In value terms, Israel ($X) constitutes the largest market for imported carboys, bottles and similar articles of plastics in the Middle East, comprising 84% of total imports. The second position in the ranking was held by Jordan ($X), with a 13% share of total imports.

In Israel, plastic bottle imports expanded at an average annual rate of +21.9% over the period from 2020-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (0.0% per year) and Palestine (-50.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, with an increase of 16% against the previous year. Over the last two years, it increased at an average annual rate of +9.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+9.7%).

Source: IndexBox Platform

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