Saudi Arabia: Paper Bag Market 2024

Paper Bag Market Size in Saudi Arabia

The Saudi paper bag market declined to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Paper bag consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Paper Bag Production in Saudi Arabia

In value terms, paper bag production shrank to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Paper bag production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Paper Bag Exports

Exports from Saudi Arabia

In 2023, overseas shipments of sacks and bags of paper increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, paper bag exports dropped to $X in 2023. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons), Yemen (X tons) and Algeria (X tons) were the main destinations of paper bag exports from Saudi Arabia, with a combined X% share of total exports. Iraq, Kuwait, Libya, Morocco, the United Arab Emirates, Bahrain, Jordan, Sudan and Lebanon lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Algeria ($X) and Libya ($X) constituted the largest markets for paper bag exported from Saudi Arabia worldwide, with a combined X% share of total exports. Yemen, Iraq, Kuwait, Morocco, the United Arab Emirates, Bahrain, Jordan, Lebanon and Sudan lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average paper bag export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Bag Imports

Imports into Saudi Arabia

In 2023, purchases abroad of sacks and bags of paper decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, paper bag imports stood at $X in 2023. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) were the main suppliers of paper bag imports to Saudi Arabia, with a combined X% share of total imports. Jordan, Oman, Germany, Egypt and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of sacks and bags of paper to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying 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 average paper bag import price stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, the import price posted a temperate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform