MENA: Wrapping Papers Market 2024

Wrapping Papers Market Size in MENA

In 2022, the MENA's wrapping papers market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wrapping Papers Production in MENA

In value terms, wrapping papers production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Wrapping Papers Exports

Exports in MENA

In 2022, overseas shipments of wrapping paper, packaging paper and paperboard increased by X% to X tons, rising for the seventh consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wrapping papers exports surged to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Saudi Arabia (X tons) was the largest exporter of wrapping paper, packaging paper and paperboard, generating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Israel (X tons), Morocco (X tons) and Kuwait (X tons), together creating a X% share of total exports. Tunisia (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wrapping papers exports from Saudi Arabia stood at X%. At the same time, Israel (X%), Morocco (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.), the United Arab Emirates (X p.p.), Morocco (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Tunisia (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the largest wrapping papers supplying countries in MENA were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Israel, Kuwait, Morocco and Tunisia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Israel, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wrapping papers export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Morocco ($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 more modest paces of growth.

Wrapping Papers Imports

Imports in MENA

In 2022, purchases abroad of wrapping paper, packaging paper and paperboard decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted slightly in the following year.

In value terms, wrapping papers imports skyrocketed to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the key importing country with an import of around X tons, which accounted for X% of total imports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%), Egypt (X%), Algeria (X%) and Kuwait (X%). Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wrapping papers imports into Turkey stood at X%. At the same time, Kuwait (X%), the United Arab Emirates (X%), Morocco (X%), Israel (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Kuwait, the United Arab Emirates and Morocco increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wrapping paper, packaging paper and paperboard in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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