GCC: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in GCC

The GCC market for floor, wall or ceiling coverings of plastics was finally on the rise to reach $X in 2023, after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in GCC

In value terms, production of floor, wall or ceiling coverings of plastics dropped remarkably to $X in 2023 estimated in export price. Overall, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports in GCC

Exports of floor, wall or ceiling coverings of plastics shrank rapidly to X square meters in 2023, falling by X% on the previous year's figure. Total exports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X square meters, and then declined significantly in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics fell markedly to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of about X square meters, which resulted at X% of total exports. It was distantly followed by Saudi Arabia (X square meters), mixing up a X% share of total exports. Oman (X square meters) held a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Oman increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest plastic floor, wall and ceiling coverings supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per square meter in 2023, remaining relatively unchanged against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports in GCC

In 2023, approx. X square meters of floor, wall or ceiling coverings of plastics were imported in GCC; growing by X% compared with 2022 figures. Total imports indicated a temperate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2022 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics soared to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. Over the period under review, imports of reached the peak figure at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X square meters, which reached X% of total imports. Saudi Arabia (X square meters) held the second position in the ranking, distantly followed by Kuwait (X square meters) and Oman (X square meters). All these countries together took approx. X% share of total imports. The following importers - Qatar (X square meters) and Bahrain (X square meters) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic floor, wall and ceiling coverings imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Saudi Arabia (X%), Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Kuwait, Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Oman, with a CAGR of X%, 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

The import price in GCC stood at $X per square meter in 2023, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per square meter in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per square meter), while the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform