Middle East: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in the Middle East

The Middle Eastern market for plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021, increasing by 19% against the previous year. Over the period under review, consumption, however, recorded prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in the Middle East

In value terms, production of plastic plates, sheets, film, foil and strip skyrocketed to $X in 2021 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 98%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports in the Middle East

In 2021, exports of plastic plates, sheets, film, foil and strip in the Middle East expanded rapidly to X tons, with an increase of 12% compared with the year before. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.2% against 2012 indices. The growth pace was the most rapid in 2016 when exports increased by 18% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, exports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total export value increased at an average annual rate of +6.1% over the period from 2012 to 2021; 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.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of plastic plates, sheets, film, foil and strip, comprising 40% of total exports. Oman (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (17%), the United Arab Emirates (7.7%), Israel (7.7%) and Bahrain (5.1%). Iran (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to plastic plate, sheet, film, foil and strip exports from Turkey stood at +12.5%. At the same time, Oman (+19.2%), Iran (+12.8%), Bahrain (+9.7%) and Saudi Arabia (+5.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +19.2% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Oman increased by +13 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest plastic plate, sheet, film, foil and strip supplier in the Middle East, comprising 46% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Israel, with a 13% share.

In Turkey, exports of plastic plates, sheets, film, foil and strip expanded at an average annual rate of +10.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+6.2% per year) and Israel (+1.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the export price, however, saw a slight setback. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports in the Middle East

In 2021, approx. X tons of plastic plates, sheets, film, foil and strip were imported in the Middle East; growing by 3.4% on the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 10%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the key importer of plastic plates, sheets, film, foil and strip, achieving 34% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 19% share, followed by Saudi Arabia (11%), Israel (9.6%) and Iraq (5.8%). The following importers - Oman (X tons), Kuwait (X tons), Iran (X tons), Lebanon (X tons), Jordan (X tons), Qatar (X tons) and Syrian Arab Republic (X tons) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported plastic plates, sheets, film, foil and strip in the Middle East, comprising 39% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Israel, with an 11% share.

In Turkey, imports of plastic plates, sheets, film, foil and strip increased at an average annual rate of +2.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.6% per year) and Israel (+4.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, with an increase of 19% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Iran ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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