Middle East: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in the Middle East

The Middle Eastern uncoated felt paper market soared to $X in 2022, picking up by 20% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Uncoated Felt Paper Production in the Middle East

In value terms, uncoated felt paper production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 23%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Uncoated Felt Paper Exports

Exports in the Middle East

In 2022, the amount of uncoated felt paper and paperboard exported in the Middle East dropped markedly to X tons, falling by -28.5% on the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 151%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, uncoated felt paper exports reduced notably to $X in 2022. In general, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by 257%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Saudi Arabia (X tons) was the main exporter of uncoated felt paper and paperboard, achieving 82% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising an 11% share of total exports. Jordan (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the uncoated felt paper and paperboard exports, with a CAGR of +9.0% from 2012 to 2022. Jordan (-2.2%) and the United Arab Emirates (-15.5%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+48 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-46.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest uncoated felt paper supplier in the Middle East, comprising 81% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to +12.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-14.2% per year) and Jordan (+4.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, falling by -8.3% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper export price increased by +17.5% against 2018 indices. The growth pace was the most rapid in 2021 when the export price increased by 42%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.1%), while the other leaders experienced more modest paces of growth.

Uncoated Felt Paper Imports

Imports in the Middle East

In 2022, approx. X tons of uncoated felt paper and paperboard were imported in the Middle East; with an increase of 35% compared with 2021 figures. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 265%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, uncoated felt paper imports skyrocketed to $X in 2022. Over the period under review, imports recorded a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of 286%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Bahrain (X tons) were the major importers of uncoated felt paper and paperboard in 2022, amounting to near 36% and 25% of total imports, respectively. It was distantly followed by Palestine (X tons), Yemen (X tons) and Oman (X tons), together making up a 27% share of total imports. Jordan (X tons) and Kuwait (X tons) held a minor share 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 Bahrain (with a CAGR of +90.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated felt paper importing markets in the Middle East were Palestine ($X), Bahrain ($X) and the United Arab Emirates ($X), with a combined 72% share of total imports.

In terms of the main importing countries, Bahrain, with a CAGR of +73.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by 3.2% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper import price decreased by -6.6% against 2020 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 36%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, 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 Palestine ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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