Middle East: Plaster Market 2025

Plaster Market Size in the Middle East

The Middle Eastern plaster market declined to $X in 2022, dropping by -10.5% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +28.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Plaster Production in the Middle East

In value terms, plaster production dropped markedly to $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 57%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plaster Exports

Exports in the Middle East

After five years of growth, overseas shipments of plaster decreased by -18% to X tons in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, plaster exports contracted to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Turkey represented the main exporter of plaster in the Middle East, with the volume of exports recording X tons, which was approx. 68% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together mixing up a 27% share of total exports. Saudi Arabia (X tons) and Oman (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plaster exports from Turkey stood at +1.9%. At the same time, Oman (+72.9%), the United Arab Emirates (+53.2%), Iran (+14.4%) and Saudi Arabia (+6.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +72.9% from 2012-2022. The United Arab Emirates (+18 p.p.), Iran (+4.8 p.p.) and Oman (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -24.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plaster supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Iran, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +4.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+28.0% per year) and Iran (+9.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 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 Saudi Arabia (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Plaster Imports

Imports in the Middle East

After two years of decline, purchases abroad of plaster increased by 11% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, plaster imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Iraq represented the key importing country with an import of about X tons, which finished at 41% of total imports. Israel (X tons) ranks second in terms of the total imports with a 22% share, followed by Kuwait (19%) and the United Arab Emirates (7.8%). Turkey (X tons) and Syrian Arab Republic (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported plaster in the Middle East, comprising 42% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel stood at +10.7%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+12.1% per year) and the United Arab Emirates (-5.5% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, which is down by -6.7% against the previous year. Overall, the import price, however, showed a mild expansion. The pace of growth was the most pronounced in 2020 an increase of 56%. The level of import peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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