GCC: Sisal Binder Market 2024

Sisal Binder Market Size in GCC

The GCC sisal binder market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Sisal Binder Production in GCC

In value terms, sisal binder production expanded notably to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sisal Binder Exports

Exports in GCC

Sisal binder exports declined to X tons in 2022, dropping by X% on 2021 figures. Overall, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sisal binder exports dropped to $X in 2022. In general, exports, however, saw a measured increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Oman (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons), together accounting for X% of total export. It was distantly followed by Kuwait (X tons), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. These countries were followed by Kuwait, which accounted for a further X%.

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded 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

The export price in GCC stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Sisal Binder Imports

Imports in GCC

In 2022, the amount of sisal binder or baler (agricultural) twines imported in GCC soared to X tons, picking up by X% on the year before. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sisal binder imports surged to $X in 2022. In general, imports, however, faced a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of sisal binder or baler (agricultural) twines in GCC, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X tons) and Qatar (X tons), together making up a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the sisal binder or baler (agricultural) twines imports, with a CAGR of X% from 2012 to 2022. Qatar (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sisal binder or baler (agricultural) twines in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, declining by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price 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. Based on 2022 figures, sisal binder import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted remarkably in the following year.

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 Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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