GCC: Stamping Foil Market 2024

Stamping Foil Market Size in GCC

In 2023, the GCC stamping foil market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt descent. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Stamping Foil Production in GCC

In value terms, stamping foil production fell remarkably to $X in 2023 estimated in export price. In general, production, however, showed a significant increase. The pace of growth was the most pronounced in 2022 when the production volume increased by X,400% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Stamping Foil Exports

Exports in GCC

Stamping foil exports surged to X tons in 2023, increasing by X% on the previous year. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, stamping foil exports surged to $X in 2023. Overall, exports continue to indicate significant 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 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United Arab Emirates (X tons) was the key exporter of stamping foils in GCC, comprising X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the stamping foils exports, with a CAGR of X% from 2012 to 2023. While the share of the United Arab Emirates (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) also remains the largest stamping foil supplier in GCC.

In the United Arab Emirates, stamping foil exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 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 2020 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Stamping Foil Imports

Imports in GCC

In 2023, approx. X tons of stamping foils were imported in GCC; which is down by X% on the previous year. Overall, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, stamping foil imports amounted to $X in 2023. In general, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Oman (X tons) and Kuwait (X tons), together mixing up an X% share of total imports. Bahrain (X tons) held a minor share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of stamping foils. Oman experienced a relatively flat trend pattern. Kuwait (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (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 ($X) constitutes the largest market for imported stamping foils in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, stamping foil imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, stamping foil import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the United Arab Emirates ($X per ton) and Oman ($X per ton), while Bahrain ($X per ton) and Kuwait ($X per ton) were 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 import price figures.

Source: IndexBox Platform