GCC: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in GCC

The GCC paper bag machine market fell to $X.3B in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a strong increase. The level of consumption peaked at $X.1B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Paper Bag Machine Production in GCC

In value terms, paper bag machine production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X.9B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Paper Bag Machine Exports

Exports in GCC

In 2022, overseas shipments of machines for making bags, sacks or envelopes of paper or paperboard increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper bag machine exports soared to $X in 2022. Over the period under review, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait was the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X units) and the United Arab Emirates (X units), together committing a X% share of total exports. Bahrain (X units) held a relatively small share of total exports.

Kuwait was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates, Saudi Arabia and Bahrain saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Kuwait, paper bag machine exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a noticeable decrease. The level of export peaked at $X per unit in 2012; however, from 2013 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 Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Paper Bag Machine Imports

Imports in GCC

For the third year in a row, GCC recorded growth in purchases abroad of machines for making bags, sacks or envelopes of paper or paperboard, which increased by X% to X units in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, paper bag machine imports surged to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X units) and Kuwait (X units) dominates imports structure, together making up X% of total imports. It was distantly followed by Oman (X units), achieving a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper bag machine importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), with a combined X% share of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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