Saudi Arabia: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Saudi Arabia

The Saudi market for cellular plates, sheets, film, foil and strip of plastics rose remarkably to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Saudi Arabia

In value terms, production of cellular plates, sheets, film, foil and strip of plastics reached $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports from Saudi Arabia

In 2022, approx. X tons of cellular plates, sheets, film, foil and strip of plastics were exported from Saudi Arabia; with a decrease of X% on 2021. Over the period under review, exports saw a slight setback. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics plummeted to $X in 2022. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of cellular plates, sheets, film, foil and strip of plastics from Saudi Arabia, accounting for a X% share of total exports. Moreover, exports of cellular plates, sheets, film, foil and strip of plastics to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Greece (X% per year).

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Kuwait ($X) appeared to be the largest markets for cellular plates, sheets, film, foil and strip of plastics exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Kuwait, with a CAGR of X%, saw the highest growth rate of 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 average export price for cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports into Saudi Arabia

In 2022, purchases abroad of cellular plates, sheets, film, foil and strip of plastics was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics soared to $X in 2022. Over the period under review, imports showed a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of cellular plates, sheets, film, foil and strip of plastics to Saudi Arabia, with a combined X% share of total imports. Italy, Turkey, Germany, India, Egypt, the United States and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest cellular plates, sheets, film, foil and strip of plastics suppliers to Saudi Arabia were Kuwait ($X), the United Arab Emirates ($X) and China ($X), together accounting for X% of total imports. The United States, Germany, Turkey, Egypt, Italy, South Korea and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform