GCC: Mechanical Wood Pulp Market 2024

Mechanical Wood Pulp Market Size in GCC

The GCC mechanical wood pulp market declined slightly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mechanical Wood Pulp Production in GCC

In value terms, mechanical wood pulp production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. 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 in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mechanical Wood Pulp Exports

Exports in GCC

In 2022, overseas shipments of mechanical wood pulp increased by X% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, mechanical wood pulp exports surged to $X in 2022. Overall, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together amounting to X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the mechanical wood pulp exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest mechanical wood pulp supplier in GCC.

In the United Arab Emirates, mechanical wood pulp exports expanded at 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 ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then reduced dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Mechanical Wood Pulp Imports

Imports in GCC

In 2022, approx. X tons of mechanical wood pulp were imported in GCC; rising by X% on the previous year. In general, imports saw a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mechanical wood pulp imports skyrocketed to $X in 2022. Overall, imports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia was the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by the United Arab Emirates (X tons), generating an X% share of total imports. Kuwait (X tons) held a minor share of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of mechanical wood pulp. At the same time, Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported mechanical wood pulp in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports.

In Saudi Arabia, mechanical wood pulp imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted rapidly in the following year.

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 Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) 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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