Middle East: Sack And Bag Market 2024

Sack And Bag Market Size in the Middle East

The Middle Eastern sack and bag market rose significantly to $X in 2023, surging by X% against the previous year. In general, consumption saw a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Sack And Bag Production in the Middle East

In value terms, sack and bag production rose sharply to $X in 2023 estimated in export price. In general, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Sack And Bag Exports

Exports in the Middle East

In 2023, exports of sacks and bags in the Middle East rose remarkably to X tons, with an increase of X% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, sack and bag exports dropped to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Turkey (X tons) was the largest exporter of sacks and bags, creating X% of total exports. Iran (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held near X% share of total exports. Saudi Arabia (X tons) and Oman (X tons) took a minor share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of sacks and bags. At the same time, Oman (X%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. Saudi Arabia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Iran (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Turkey saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sack and bag supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

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

Sack And Bag Imports

Imports in the Middle East

In 2023, after three years of decline, there was significant growth in overseas purchases of sacks and bags, when their volume increased by X% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, sack and bag imports rose slightly to $X in 2023. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Iraq (X tons) represented the key importer of sacks and bags, committing X% of total imports. Israel (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Oman (X%), Syrian Arab Republic (X%) and Yemen (X%). The following importers - Turkey (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

Iraq was also the fastest-growing in terms of the sacks and bags imports, with a CAGR of X% from 2012 to 2023. At the same time, Oman (X%), Israel (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. By contrast, Turkey (X%), Yemen (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Iraq (X p.p.), Israel (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkey (X p.p.), Yemen (X p.p.), the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Oman, Syrian Arab Republic, Yemen, Turkey and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

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

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

Source: IndexBox Platform