GCC: Paper Machinery Market 2024

Paper Machinery Market Size in GCC

The GCC paper machinery market reached $X.7B in 2022, surging by X% against the previous year. Over the period under review, consumption recorded a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper Machinery Production in GCC

In value terms, paper machinery production rose remarkably to $X.7B in 2022 estimated in export price. Over the period under review, production saw prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Paper Machinery Exports

Exports in GCC

In 2022, shipments abroad of machinery for making paper or paperboard decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced sharply in the following year.

In value terms, paper machinery exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the major exporter of machinery for making paper or paperboard, comprising X% of total exports. Oman (X units) took the second position in the ranking, followed by Saudi Arabia (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paper machinery exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) emerged as the largest paper machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price saw a sharp curtailment. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the export price figures.

Paper Machinery Imports

Imports in GCC

In 2022, purchases abroad of machinery for making paper or paperboard decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, paper machinery imports declined notably to $X in 2022. Overall, imports faced a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importer of machinery for making paper or paperboard in GCC, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Oman (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Qatar (X%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paper machinery imports into the United Arab Emirates stood at X%. Bahrain (X%), Qatar (X%), Oman (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), the United Arab Emirates (X p.p.), Qatar (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Oman ($X) and Bahrain ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price posted a notable increase. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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