GCC: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in GCC

In 2023, the GCC paper making machinery market increased by X% to $X for the first time since 2018, thus ending a four-year declining trend. The total consumption indicated a pronounced expansion from 2012 to 2023: its value 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. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Paper Making Machinery Production in GCC

In value terms, paper making machinery production reduced to $X in 2023 estimated in export price. Overall, production enjoyed a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Paper Making Machinery Exports

Exports in GCC

After three years of growth, overseas shipments of machinery for making up paper pulp, paper or paperboard decreased by X% to X units in 2023. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2022, and then declined rapidly in the following year.

In value terms, paper making machinery exports amounted to $X in 2023. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. 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

The United Arab Emirates dominates exports structure, reaching X units, which was near X% of total exports in 2023. The following exporters - Bahrain (X units), Kuwait (X units) and Oman (X units) - each reached a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the machinery for making up paper pulp, paper or paperboard exports, with a CAGR of X% from 2012 to 2023. At the same time, Bahrain (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Bahrain (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest paper making machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, paper making machinery exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Paper Making Machinery Imports

Imports in GCC

In 2023, overseas purchases of machinery for making up paper pulp, paper or paperboard were finally on the rise to reach X units after two years of decline. In general, imports showed a slight increase. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, paper making machinery imports skyrocketed to $X in 2023. Overall, imports, however, saw a mild decrease. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2023, 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 units, which finished at X% of total imports. It was distantly followed by Qatar (X units), Oman (X units) and Kuwait (X units), together committing a X% share of total imports. Bahrain (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machinery for making up paper pulp, paper or paperboard in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, paper making machinery imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, picking up by X% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2023, the import prices remained at a somewhat lower figure.

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 Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform