Middle East: Paper Machinery Market 2024

Paper Machinery Market Size in the Middle East

The Middle Eastern paper machinery market rose slightly to $X.1B in 2022, surging by X% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market attained the maximum level at $X.9B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Paper Machinery Production in the Middle East

In value terms, paper machinery production rose markedly to $X.6B in 2022 estimated in export price. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X.6B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Paper Machinery Exports

Exports in the Middle East

In 2022, paper machinery exports in the Middle East declined rapidly to X units, which is down by X% against 2021 figures. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, paper machinery exports declined dramatically to $X in 2022. Overall, exports, however, posted perceptible growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of machinery for making paper or paperboard in the Middle East, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Turkey (X units) held the second position in the ranking, distantly followed by Oman (X units) and Saudi Arabia (X units). All these countries together held 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%), Saudi Arabia (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.), Oman (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the largest paper machinery supplying countries in the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. These countries were followed by Oman, which accounted for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 the Middle East amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price faced a deep setback. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 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 Turkey (X%), while the other leaders experienced a decline in the export price figures.

Paper Machinery Imports

Imports in the Middle East

In 2022, paper machinery imports in the Middle East rose markedly to X units, with an increase of X% on 2021 figures. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, paper machinery imports soared to $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) represented the main importer of machinery for making paper or paperboard, generating X% of total imports. It was distantly followed by Iran (X units), creating a X% share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Iran (X p.p.) and Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported machinery for making paper or paperboard in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports.

In Turkey, paper machinery imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

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 Turkey ($X per unit), while Iran amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform

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