GCC: Plaster Market 2024

Plaster Market Size in GCC

The GCC plaster market skyrocketed to $X in 2022, picking up by X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Plaster Production in GCC

In value terms, plaster production expanded sharply to $X in 2022 estimated in export price. In general, production saw measured growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plaster Exports

Exports in GCC

In 2022, shipments abroad of plaster decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. In general, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, plaster exports shrank sharply to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Saudi Arabia (X tons) and Oman (X tons) dominates exports structure, together making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports.

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

In value terms, the largest plaster supplying countries in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Plaster Imports

Imports in GCC

In 2022, supplies from abroad of plaster decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plaster imports contracted to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Kuwait (X tons), committing a X% share of total imports. Qatar (X tons) and Bahrain (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported plaster in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Bahrain, with an X% share.

In the United Arab Emirates, plaster imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, 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