Saudi Arabia: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Saudi Arabia

The Saudi market for plastic plates, sheets, film, foil and strip fell sharply to $X in 2021, shrinking by -20.7% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Plastic Plates, Sheets, Film, Foil And Strip in Saudi Arabia

In value terms, production of plastic plates, sheets, film, foil and strip amounted to $X in 2021 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.5% against 2013 indices. The growth pace was the most rapid in 2013 when the production volume increased by 65% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

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

Exports from Saudi Arabia

Exports of plastic plates, sheets, film, foil and strip from Saudi Arabia skyrocketed to X tons in 2021, with an increase of 22% compared with the year before. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 37%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, exports of plastic plates, sheets, film, foil and strip soared to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Saudi Arabia, with a combined 36% share of total exports. These countries were followed by Algeria, Poland, Kuwait, the UK, Morocco, Jordan, Italy, Sudan, Yemen and Tunisia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +71.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Saudi Arabia were Spain ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined 32% share of total exports. These countries were followed by Algeria, Kuwait, the UK, Morocco, Poland, Jordan, Yemen, Italy, Sudan and Tunisia, which together accounted for a further 38%.

Poland, with a CAGR of +70.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, increasing by 30% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Saudi Arabia

After four years of growth, purchases abroad of plastic plates, sheets, film, foil and strip decreased by -38.6% to X tons in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, imports of reached the maximum at X tons in 2020, and then reduced sharply in the following year.

In value terms, imports of plastic plates, sheets, film, foil and strip shrank to $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 9.9%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Saudi Arabia, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Saudi Arabia were China ($X), India ($X) and Indonesia ($X), with a combined 48% share of total imports. Bahrain, Germany, the United Arab Emirates, the United States, Egypt, South Korea, Thailand, Oman, Taiwan (Chinese) and Kuwait lagged somewhat behind, together accounting for a further 40%.

Kuwait, with a CAGR of +36.7%, saw 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 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, rising by 41% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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