Middle East: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in the Middle East

The Middle Eastern semi-chemical fluting market rose significantly to $X in 2021, with an increase of 6% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Semi-Chemical Fluting Production in the Middle East

In value terms, semi-chemical fluting production amounted to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 36%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

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Semi-Chemical Fluting Exports

Exports in the Middle East

After three years of growth, overseas shipments of semi-chemical fluting decreased by -54.7% to X tons in 2021. Overall, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then shrank sharply in the following year.

In value terms, semi-chemical fluting exports fell significantly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Kuwait (X tons) represented roughly 64% of total exports in 2021. The United Arab Emirates (X tons) took the next position in the ranking, distantly followed by Syrian Arab Republic (X tons) and Israel (X tons). All these countries together took near 28% share of total exports. The following exporters - Turkey (X tons) and Iran (X tons) - together made up 7.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Syrian Arab Republic (with a CAGR of +58.8%), while the other leaders experienced more modest paces of growth.

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 79% share of total exports. Syrian Arab Republic, Israel, Iran and Turkey lagged somewhat behind, together accounting for a further 20%.

Syrian Arab Republic, with a CAGR of +61.4%, recorded the highest rates of growth with regard to 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

The export price in the Middle East stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+4.3%), while the other leaders experienced more modest paces of growth.

Semi-Chemical Fluting Imports

Imports in the Middle East

In 2021, imports of semi-chemical fluting in the Middle East dropped slightly to X tons, stabilizing at the previous year's figure. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, semi-chemical fluting imports surged to $X in 2021. In general, imports saw a pronounced shrinkage. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Turkey was the key importer of semi-chemical fluting in the Middle East, with the volume of imports amounting to X tons, which was approx. 38% of total imports in 2021. It was distantly followed by Israel (X tons), Jordan (X tons), Lebanon (X tons) and Yemen (X tons), together constituting a 56% share of total imports. The United Arab Emirates (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of -5.0% from 2012 to 2021. At the same time, Jordan (+18.9%), Bahrain (+16.4%) and Yemen (+2.8%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +18.9% from 2012-2021. Lebanon experienced a relatively flat trend pattern. By contrast, Israel (-2.2%) and the United Arab Emirates (-11.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Jordan, Israel, Lebanon, Turkey and Yemen increased by +15, +6, +5.5, +4.3 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported semi-chemical fluting in the Middle East, comprising 40% of total imports. The second position in the ranking was taken by Israel ($X), with a 19% share of total imports. It was followed by Jordan, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at -2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-1.2% per year) and Jordan (+23.2% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 28% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. 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 Turkey ($X per ton) and Jordan ($X per ton), while Yemen ($X per ton) and Bahrain ($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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