GCC: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in GCC

In 2021, the GCC bleached sulphate pulp market increased by 34% to $X, rising for the sixth year in a row after two years of decline. In general, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Bleached Sulphate Pulp Production in GCC

In value terms, bleached sulphate pulp production expanded notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Bleached Sulphate Pulp Exports

Exports in GCC

For the fifth consecutive year, GCC recorded growth in shipments abroad of bleached sulphate pulp, which increased by 16% to X tons in 2021. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 47%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, bleached sulphate pulp exports reached $X in 2021. Over the period under review, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2017 with an increase of 69%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was near 88% of total exports in 2021. It was distantly followed by Oman (X tons), committing an 8.3% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +6.6% from 2012 to 2021. At the same time, Oman (+84.4%) and Saudi Arabia (+12.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +84.4% from 2012-2021. While the share of Oman (+8.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest bleached sulphate pulp supplier in GCC, comprising 90% of total exports. The second position in the ranking was taken by Oman ($X), with a 7.2% share of total exports.

In the United Arab Emirates, bleached sulphate pulp exports increased at an average annual rate of +3.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+73.3% per year) and Saudi Arabia (+11.9% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, falling by -4.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 15%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.1%), while the other leaders experienced a decline in the export price figures.

Bleached Sulphate Pulp Imports

Imports in GCC

In 2021, overseas purchases of bleached sulphate pulp increased by 14% to X tons, rising for the sixth year in a row after two years of decline. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bleached sulphate pulp imports surged to $X in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 53%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, recording X tons, which was approx. 92% of total imports in 2021. The following importers - Kuwait (X tons), Saudi Arabia (X tons) and Bahrain (X tons) - together made up 8.2% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the bleached sulphate pulp imports, with a CAGR of +26.6% from 2012 to 2021. At the same time, Kuwait (+10.4%) displayed positive paces of growth. By contrast, Bahrain (-12.0%) and Saudi Arabia (-14.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +51 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bleached sulphate pulp in GCC, comprising 89% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 4.5% share of total imports. It was followed by Saudi Arabia, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +25.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+9.8% per year) and Saudi Arabia (-8.3% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, picking up by 27% against the previous year. Overall, the import price, however, recorded a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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