MENA: Plastic Headgear Market 2024

Plastic Headgear Market Size in MENA

In 2023, the MENA's plastic headgear market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated tangible 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Plastic Headgear Production in MENA

In value terms, plastic headgear production fell to $X in 2023 estimated in export price. Over the period under review, production saw a significant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Plastic Headgear Exports

Exports in MENA

In 2023, overseas shipments of headgear of rubber or plastic were finally on the rise to reach X units after two years of decline. In general, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, plastic headgear exports skyrocketed to $X in 2023. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel represented the major exporting country with an export of about X units, which amounted to X% of total exports. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%).

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest plastic headgear supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In Israel, plastic headgear exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) 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 a decline in the export price figures.

Plastic Headgear Imports

Imports in MENA

In 2023, overseas purchases of headgear of rubber or plastic decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports showed a slight setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, plastic headgear imports reduced to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) represented the main importers of headgear of rubber or plastic in 2023, resulting at near X% and X% of total imports, respectively. It was distantly followed by Iraq (X units), Morocco (X units) and Algeria (X units), together mixing up a X% share of total imports. Kuwait (X units), Israel (X units), Oman (X units), Egypt (X units), Jordan (X units), Libya (X units), Yemen (X units) and Qatar (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported headgear of rubber or plastic in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Morocco, 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%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform