Saudi Arabia: Plastic Bag Market 2024

Plastic Bag Market Size in Saudi Arabia

The Saudi plastic bag market rose significantly to $X in 2022, surging by 9.9% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 -8.3% against 2020 indices. Plastic bag consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Bag Production in Saudi Arabia

In value terms, plastic bag production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -7.3% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 75% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plastic Bag Exports

Exports from Saudi Arabia

In 2022, overseas shipments of plastic sacks and bags decreased by -18.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed strong growth. The pace of growth was the most pronounced in 2015 with an increase of 80%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted rapidly in the following year.

In value terms, plastic bag exports contracted dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 96%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Yemen (X tons), Sudan (X tons) and Kuwait (X tons) were the main destinations of plastic bag exports from Saudi Arabia, together accounting for 62% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +76.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X) remains the key foreign market for plastic sacks and bags exports from Saudi Arabia, comprising 34% of total exports. The second position in the ranking was held by Kuwait ($X), with a 16% share of total exports. It was followed by Sudan, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+83.4% per year) and Sudan (+15.4% per year).

Export Prices by Country

In 2022, the average plastic bag export price amounted to $X per ton, declining by -6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average 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 Oman ($X per ton), while the average price for exports to Somalia ($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 Yemen (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Bag Imports

Imports into Saudi Arabia

In 2022, overseas purchases of plastic sacks and bags decreased by -10% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 57% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plastic bag imports shrank to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 65%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of plastic bag imports to Saudi Arabia, with a combined 77% share of total imports. Bahrain, Turkey and Egypt lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +36.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic bag suppliers to Saudi Arabia were the United Arab Emirates ($X), China ($X) and India ($X), with a combined 71% share of total imports. Turkey, Bahrain and Egypt lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, Egypt, with a CAGR of +29.4%, recorded the highest growth rate of 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 plastic bag import price amounted to $X per ton, shrinking by -1.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 22%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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