Middle East: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in the Middle East

The Middle Eastern plastic self-adhesive plate market contracted to $X in 2022, waning by -6.5% against the previous year. Overall, consumption, however, showed a buoyant expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Plastic Self-Adhesive Plate Production in the Middle East

In value terms, plastic self-adhesive plate production declined dramatically to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 83% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports in the Middle East

In 2022, the amount of plastic self-adhesive plates, sheets and other flat shapes exported in the Middle East surged to X tons, rising by 15% on the year before. In general, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2019 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic self-adhesive plate exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +2.0% 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 2013 when exports increased by 28%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which resulted at 42% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 22% share, followed by the United Arab Emirates (18%) and Israel (11%). The following exporters - Lebanon (X tons) and Bahrain (X tons) - together made up 5.5% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +29.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, with a combined 86% share of total exports. Saudi Arabia, Lebanon and Bahrain lagged somewhat behind, together comprising a further 13%.

Among the main exporting countries, Bahrain, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, stabilizing at the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 27% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+7.5%), while the other leaders experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports in the Middle East

In 2022, purchases abroad of plastic self-adhesive plates, sheets and other flat shapes increased by 4% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 11%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastic self-adhesive plate imports stood at $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 49% of total imports in 2022. Saudi Arabia (X tons) ranks next in terms of the total imports with a 14% share, followed by Iraq (7.1%), Israel (6.2%) and Iran (4.6%). Jordan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +7.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic self-adhesive plate importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 66% share of total imports. Israel, Iraq, Iran and Jordan lagged somewhat behind, together comprising a further 20%.

Iraq, with a CAGR of +10.6%, 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

In 2022, the import price in the Middle East amounted to $X per ton, waning by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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 Israel ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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