Middle East: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in the Middle East

The Middle Eastern plastic household articles market contracted to $X in 2022, shrinking by -10.4% against the previous year. Overall, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Plastic Household Articles Production in the Middle East

In value terms, plastic household articles production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Household Articles Exports

Exports in the Middle East

In 2022, after five years of growth, there was significant decline in overseas shipments of household articles and toilet articles of plastics, when their volume decreased by -8.2% to X tons. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.1% 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 +43.6% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, plastic household articles exports reduced slightly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +68.0% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

Turkey was the largest exporting country with an export of about X tons, which accounted for 67% of total exports. Israel (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons) and Iran (X tons). All these countries together took near 28% share of total exports. Saudi Arabia (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +11.7% from 2012 to 2022. At the same time, Iran (+13.5%) and Israel (+3.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +13.5% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-14.2%) illustrated a downward trend over the same period. Turkey (+27 p.p.) and Iran (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Israel, the United Arab Emirates and Saudi Arabia saw its share reduced by -5.4%, -5.7% and -17% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest plastic household articles supplier in the Middle East, comprising 61% of total exports. The second position in the ranking was held by Israel ($X), with a 28% share of total exports. It was followed by the United Arab Emirates, with a 4.9% share.

In Turkey, plastic household articles exports increased at an average annual rate of +10.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+4.6% per year) and the United Arab Emirates (+3.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by 3.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 9.4%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($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 (+3.7%), while the other leaders experienced more modest paces of growth.

Plastic Household Articles Imports

Imports in the Middle East

In 2022, imports of household articles and toilet articles of plastics in the Middle East reduced to X tons, waning by -5.1% against the previous year's figure. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +10.2% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, plastic household articles imports shrank modestly to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +22.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 47% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly 49% of total imports in 2022. It was distantly followed by Iraq (X tons), Israel (X tons) and Turkey (X tons), together making up a 28% share of total imports. Kuwait (X tons), Iran (X tons), Oman (X tons), Qatar (X tons), Syrian Arab Republic (X tons), Bahrain (X tons), Yemen (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 61% of total imports. Iraq, Turkey, Kuwait, Qatar, Iran, Yemen, Oman, Bahrain, Lebanon and Syrian Arab Republic lagged somewhat behind, together accounting for a further 37%.

Iraq, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, in terms of 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 the Middle East amounted to $X per ton, increasing by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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