GCC: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in GCC

The GCC semi-chemical fluting market stood at $X in 2021, picking up by 9.9% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Semi-Chemical Fluting Production in GCC

In value terms, semi-chemical fluting production rose slightly to $X in 2021 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 95%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Semi-Chemical Fluting Exports

Exports in GCC

In 2021, after three years of growth, there was significant decline in overseas shipments of semi-chemical fluting, when their volume decreased by -53.1% to X tons. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, semi-chemical fluting exports declined dramatically to $X in 2021. In general, exports recorded a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 31%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Saudi Arabia (X tons) and Kuwait (X tons) were the main exporters of semi-chemical fluting in GCC, together reaching approx. 80% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 20% share of total exports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +10.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +14.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, picking up by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Semi-Chemical Fluting Imports

Imports in GCC

In 2021, approx. X tons of semi-chemical fluting were imported in GCC; with a decrease of -65.4% against 2020. In general, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2013 with an increase of 28%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, semi-chemical fluting imports reduced remarkably to $X in 2021. Over the period under review, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of 30%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X tons, which recorded 53% of total imports. Bahrain (X tons) held a 30% share (based on physical terms) of total imports, which put it in second place, followed by Oman (9.2%) and Kuwait (8%).

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +30.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported semi-chemical fluting in GCC, comprising 57% of total imports. The second position in the ranking was held by Bahrain ($X), with a 26% share of total imports. It was followed by Kuwait, with an 8.8% share.

In the United Arab Emirates, semi-chemical fluting imports contracted by an average annual rate of -8.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+22.5% per year) and Kuwait (+33.5% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, surging by 41% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Kuwait ($X per ton) and the United Arab Emirates ($X per ton), while Bahrain ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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