United Arab Emirates: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in the United Arab Emirates

In 2021, the market for boards, sheets, panels, tiles and similar articles of plaster faced with paper in the United Arab Emirates decreased by -17% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a slight reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper in the United Arab Emirates

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster faced with paper shrank to $X in 2021 estimated in export price. In general, the total production indicated a noticeable 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 increased by +51.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Exports by Country

Oman (X square meters), India (X square meters) and Saudi Arabia (X square meters) were the main destinations of exports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from the United Arab Emirates, together accounting for 79% of total exports. Tanzania, Kuwait and Jordan lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +69.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), India ($X) and Saudi Arabia ($X) were the largest markets for board, sheet, panel and tile faced with paper exported from the United Arab Emirates worldwide, with a combined 74% share of total exports. Jordan, Kuwait and Tanzania lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Kuwait, with a CAGR of +66.3%, saw the highest rates of growth with regard to 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

In 2021, the average export price for boards, sheets, panels, tiles and similar articles of plaster faced with paper amounted to $X per square meter, approximately equating the previous year. Overall, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($X per square meter), while the average price for exports to Tanzania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+12.8%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Faced With Paper

Imports by Country

In 2021, Oman (X square meters) constituted the largest supplier of board, sheet, panel and tile faced with paper to the United Arab Emirates, with a 53% share of total imports. Moreover, imports of boards, sheets, panels, tiles and similar articles of plaster faced with paper from Oman exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. Indonesia (X square meters) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman totaled +86.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.6% per year) and Indonesia (-10.8% per year).

In value terms, Oman ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster faced with paper to the United Arab Emirates, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Indonesia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Oman stood at +79.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.6% per year) and Indonesia (-9.2% per year).

Import Prices by Country

The average import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper stood at $X per square meter in 2021, rising by 5.2% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for boards, sheets, panels, tiles and similar articles of plaster faced with paper decreased by -5.8% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per square meter 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 India ($X per square meter), while the price for Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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