GCC: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in GCC

The GCC market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X in 2022, almost unchanged from the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in GCC

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders fell to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports in GCC

In 2022, shipments abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by X% to X square meters, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to $X in 2022. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X square meters) was the largest exporter of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, making up X% of total exports. It was distantly followed by Saudi Arabia (X square meters), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) remains the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders declined by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per thousand square meters in 2022, growing by X% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per thousand square meters in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per thousand square meters), while Saudi Arabia amounted to $X per thousand square meters.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports in GCC

After five years of decline, supplies from abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by X% to X square meters in 2022. Overall, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2022. Over the period under review, imports, however, saw a deep contraction. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X square meters) represented the major importer of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders, creating X% of total imports. Bahrain (X square meters) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%). Oman (X square meters) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain and Kuwait increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per thousand square meters in 2022, reducing by X% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per thousand square meters in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per thousand square meters), while Bahrain ($X per thousand square meters) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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