GCC: Plastic Headgear Market 2024

Plastic Headgear Market Size in GCC

In 2023, the GCC plastic headgear market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate modest growth. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Plastic Headgear Production in GCC

In value terms, plastic headgear production declined to $X in 2023 estimated in export price. The total production indicated pronounced growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then contracted in the following year.

Plastic Headgear Exports

Exports in GCC

In 2023, shipments abroad of headgear of rubber or plastic increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient increase. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, plastic headgear exports expanded remarkably to $X in 2023. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was near X% of total exports in 2023. It was distantly followed by Saudi Arabia (X units) and Oman (X units), together making up a X% share of total exports. Bahrain (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) and Bahrain (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. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest plastic headgear supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per thousand units in 2023, reducing by X% against the previous year. Over the period under review, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2022, and then shrank rapidly in the following year.

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 Bahrain ($X per unit), while Saudi Arabia ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Plastic Headgear Imports

Imports in GCC

In 2023, after two years of growth, there was significant decline in supplies from abroad of headgear of rubber or plastic, when their volume decreased by X% to X units. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, plastic headgear imports shrank sharply to $X in 2023. Over the period under review, imports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) represented the largest importer of headgear of rubber or plastic, constituting X% of total imports. It was distantly followed by Qatar (X units), Kuwait (X units) and Oman (X units), together mixing up a X% share of total imports. Bahrain (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Qatar (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Bahrain experienced a relatively flat trend pattern. From 2012 to 2023, the share of Qatar, Oman and Kuwait increased by X, 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 ($X) constitutes the largest market for imported headgear of rubber or plastic in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2023, the import prices remained at a somewhat 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 Kuwait ($X per unit), while Qatar ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform