Middle East: Asphalted Paper Market 2024

Asphalted Paper Market Size in the Middle East

In 2022, the Middle Eastern asphalted paper market increased by X% to $X, rising for the seventh year in a row after two years of decline. The total consumption indicated a resilient 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, consumption increased by X% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Asphalted Paper Production in the Middle East

In value terms, asphalted paper production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Asphalted Paper Exports

Exports in the Middle East

In 2022, the amount of tarred, bituminised or asphalted paper and paperboard exported in the Middle East reduced to X tons, which is down by X% against the previous year. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, asphalted paper exports declined to $X in 2022. Over the period under review, exports faced a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to asphalted paper exports from Turkey stood at X%. The United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

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

In Turkey, asphalted paper exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Asphalted Paper Imports

Imports in the Middle East

In 2022, approx. X tons of tarred, bituminised or asphalted paper and paperboard were imported in the Middle East; remaining stable against 2021 figures. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, asphalted paper imports expanded modestly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Iran (X tons) and Syrian Arab Republic (X tons) represented the key importers of tarred, bituminised or asphalted paper and paperboard in the Middle East, together constituting X% of total imports. Oman (X tons) ranks next in terms of the total imports with a X% share, followed by Turkey (X%) and the United Arab Emirates (X%). The following importers - Israel (X tons) and Kuwait (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Syrian Arab Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Syrian Arab Republic ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Syrian Arab Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a 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 Kuwait ($X per ton), while Iran ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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