United Arab Emirates: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in the United Arab Emirates

The plastic ornamental articles market in the United Arab Emirates reduced markedly to $X in 2022, which is down by -18.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of statuettes and other ornamental articles of plastic decreased by -4% to X tons, falling for the fifth year in a row after two years of growth. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic ornamental articles exports rose significantly to $X in 2022. Over the period under review, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 105% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for plastic ornamental articles exports from the United Arab Emirates, with a 73% share of total exports. Moreover, plastic ornamental articles exports to India exceeded the volume sent to the second major destination, Tanzania (X tons), more than tenfold. France (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-4.9% per year) and France (+55.8% per year).

In value terms, India ($X) emerged as the key foreign market for statuettes and other ornamental articles of plastic exports from the United Arab Emirates, comprising 55% of total exports. The second position in the ranking was taken by France ($X), with a 4.6% share of total exports. It was followed by Israel, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+54.6% per year) and Israel (0.0% per year).

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, with an increase of 17% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 76% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Tanzania ($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 Oman (+11.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported into the United Arab Emirates; declining by -17.8% against the year before. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, plastic ornamental articles imports contracted dramatically to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 59%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic ornamental articles to the United Arab Emirates, with a 84% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -11.3%.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to the United Arab Emirates, comprising 85% of total imports. The second position in the ranking was taken by India ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -10.7%.

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 45%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%).

Source: IndexBox Platform

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