Middle East: Wrapping Papers Market 2024

Wrapping Papers Market Size in the Middle East

In 2022, the Middle Eastern wrapping papers market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wrapping Papers Production in the Middle East

In value terms, wrapping papers production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Wrapping Papers Exports

Exports in the Middle East

In 2022, shipments abroad of wrapping paper, packaging paper and paperboard increased by X% to X tons, rising for the seventh consecutive year after three years of decline. Total exports indicated a pronounced expansion 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 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, wrapping papers exports soared to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Saudi Arabia was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Turkey (X tons), Israel (X tons) and Kuwait (X tons), together constituting a X% share of total exports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wrapping papers exports from Saudi Arabia stood at X%. At the same time, Bahrain (X%), Israel (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. While the share of Israel (X p.p.), the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Israel, Kuwait and Bahrain lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, recorded 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

The export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated strong 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, wrapping papers export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Turkey ($X per ton) and Kuwait ($X per ton), while Saudi Arabia ($X per ton) and Bahrain ($X per ton) were 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.

Wrapping Papers Imports

Imports in the Middle East

In 2022, overseas purchases of wrapping paper, packaging paper and paperboard decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, wrapping papers imports surged to $X in 2022. Total imports indicated pronounced growth 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Turkey (X tons) was the largest importer of wrapping paper, packaging paper and paperboard, creating X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%), Israel (X%) and Iraq (X%). Jordan (X tons), Oman (X tons) and Lebanon (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Iraq (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%), Oman (X%) and Jordan (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Jordan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wrapping paper, packaging paper and paperboard in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In Turkey, wrapping papers imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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 ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Kuwait ($X per ton), while the United Arab Emirates ($X per ton) and Iraq ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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