Middle East: Plastic Container Market 2024

Plastic Container Market Size in the Middle East

The Middle Eastern plastic container market expanded slightly to $X in 2021, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Plastic Container Production in the Middle East

In value terms, plastic container production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Plastic Container Exports

Exports in the Middle East

In 2021, exports of plastic containers in the Middle East expanded remarkably to X tons, surging by 11% compared with 2020 figures. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 42%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, plastic container exports expanded remarkably to $X in 2021. In general, exports recorded a modest expansion. The pace of growth was the most pronounced in 2018 with an increase of 50%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of plastic containers, creating 44% of total exports. Saudi Arabia (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons), Israel (X tons) and Oman (X tons). All these countries together held approx. 52% share of total exports. Iran (X tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +15.0% from 2012 to 2021. At the same time, Oman (+21.9%), Iran (+6.9%), Israel (+5.8%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +21.9% from 2012-2021. By contrast, Saudi Arabia (-13.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Oman, Israel and the United Arab Emirates increased by +32, +5.3, +5.2 and +4.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) emerged as the largest plastic container supplier in the Middle East, comprising 47% of total exports. The second position in the ranking was held by Israel ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 14% share.

In Turkey, plastic container exports expanded at an average annual rate of +14.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+6.5% per year) and the United Arab Emirates (+5.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, declining by -3.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2016 an increase of 17%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+4.5%), while the other leaders experienced more modest paces of growth.

Plastic Container Imports

Imports in the Middle East

In 2021, imports of plastic containers in the Middle East amounted to X tons, growing by 3.7% against 2020 figures. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic container imports reached $X in 2021. The total import value 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 growth pace was the most rapid in 2018 when imports increased by 21% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Oman (X tons) and Turkey (X tons) represented roughly 57% of total imports in 2021. Israel (X tons) ranks next in terms of the total imports with a 7.4% share, followed by Bahrain (6.8%), Iraq (5.9%), Yemen (5.6%) and Kuwait (5.3%).

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic container importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 58% share of total imports. Oman, Kuwait, Iraq, Bahrain and Yemen lagged somewhat behind, together comprising a further 30%.

Yemen, with a CAGR of +21.9%, saw the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2021, waning by -3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2016 an increase of 11% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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