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

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

The Saudi market for non-cellular plates, sheets, film, foil and strip of plastics shrank to $X in 2022, with a decrease of -7.7% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -13.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of non-cellular plates, sheets, film, foil and strip of plastics shrank to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 -9.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 70%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

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

Exports from Saudi Arabia

In 2022, after five years of growth, there was decline in overseas shipments of non-cellular plates, sheets, film, foil and strip of plastics, when their volume decreased by -0.9% to X tons. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 68%. Over the period under review, the exports of reached the maximum at X tons in 2021, and then contracted slightly in the following year.

In value terms, exports of non-cellular plates, sheets, film, foil and strip of plastics declined to $X in 2022. Over the period under review, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 25% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Yemen (X tons), Egypt (X tons) and the United States (X tons) were the main destinations of exports of non-cellular plates, sheets, film, foil and strip of plastics from Saudi Arabia, together accounting for 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +92.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-cellular plates, sheets, film, foil and strip of plastics exported from Saudi Arabia were Yemen ($X), Egypt ($X) and the United States ($X), together accounting for 68% of total exports.

The United States, with a CAGR of +77.0%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 non-cellular plates, sheets, film, foil and strip of plastics stood at $X per ton in 2022, waning by -5.7% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Kuwait ($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 Iraq (+9.0%), while the prices for the other major destinations experienced a decline.

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

Imports into Saudi Arabia

In 2022, approx. X tons of non-cellular plates, sheets, film, foil and strip of plastics were imported into Saudi Arabia; with a decrease of -12.7% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.2% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, imports of non-cellular plates, sheets, film, foil and strip of plastics fell dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of non-cellular plates, sheets, film, foil and strip of plastics to Saudi Arabia, with a combined 75% share of total imports. Egypt, South Korea, Taiwan (Chinese), Italy and Germany lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +33.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) were the largest non-cellular plates, sheets, film, foil and strip of plastics suppliers to Saudi Arabia, together accounting for 68% of total imports.

The United Arab Emirates, with a CAGR of +25.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 non-cellular plates, sheets, film, foil and strip of plastics amounted to $X per ton, with a decrease of -6% against the previous year. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform