Saudi Arabia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Saudi Arabia

The Saudi plastic household articles market fell to $X in 2022, declining by -9.7% against the previous year. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Plastic Household Articles Production in Saudi Arabia

In value terms, plastic household articles production dropped to $X in 2022 estimated in export price. Overall, production, however, saw noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 125%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of household articles and toilet articles of plastics decreased by -17.9% to X tons in 2022. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 103%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports declined notably to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 129% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Bahrain (X tons) and the United Arab Emirates (X tons) were the main destinations of plastic household articles exports from Saudi Arabia, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +23.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for plastic household articles exported from Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Kuwait ($X), together comprising 92% of total exports.

Bahrain, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, falling by -12.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($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 the United Arab Emirates (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Household Articles Imports

Imports into Saudi Arabia

In 2022, after three years of growth, there was significant decline in overseas purchases of household articles and toilet articles of plastics, when their volume decreased by -9.9% to X tons. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 68%. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, plastic household articles imports dropped to $X in 2022. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 63% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to Saudi Arabia, accounting for a 71% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. The third position in this ranking was held by Turkey (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.7% per year) and Turkey (+21.0% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Saudi Arabia, comprising 65% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.8% share of total imports. It was followed by Taiwan (Chinese), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.4% per year) and Taiwan (Chinese) (+8.3% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, shrinking by -4.9% against the previous year. In general, the import price showed a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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