Middle East: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in the Middle East

The Middle Eastern paper bag machine market declined to $X.6B in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market hit record highs at $X.2B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Paper Bag Machine Production in the Middle East

In value terms, paper bag machine production reduced to $X.7B in 2022 estimated in export price. Over the period under review, production, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X.8B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Paper Bag Machine Exports

Exports in the Middle East

In 2022, exports of machines for making bags, sacks or envelopes of paper or paperboard in the Middle East skyrocketed to X units, jumping by X% on the previous year's figure. Total exports indicated tangible growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, paper bag machine exports skyrocketed to $X in 2022. Over the period under review, exports posted a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of about X units, which reached X% of total exports. Kuwait (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%). The following exporters - Iran (X units), Lebanon (X units) and the United Arab Emirates (X units) - each reached a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to paper bag machine exports from Turkey stood at X%. At the same time, Kuwait (X%), Lebanon (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Lebanon increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest paper bag machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, paper bag machine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. Export price indicated modest 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, paper bag machine export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran ($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 more modest paces of growth.

Paper Bag Machine Imports

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in supplies from abroad of machines for making bags, sacks or envelopes of paper or paperboard, which increased by X% to X units in 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, paper bag machine imports totaled $X in 2022. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey (X units), the United Arab Emirates (X units) and Kuwait (X units) represented roughly X% of total imports in 2022. Iraq (X units), Oman (X units), Lebanon (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Kuwait, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. 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 the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while Iraq ($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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