GCC: Paper Articles Market 2024

Paper Articles Market Size in GCC

In 2023, the GCC paper articles market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption enjoyed a noticeable increase. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Paper Articles Production in GCC

In value terms, paper articles production fell modestly to $X in 2023 estimated in export price. In general, production, however, saw measured growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Paper Articles Exports

Exports in GCC

After four years of decline, shipments abroad of boxes, pouches, wallets and writing compendiums of paper increased by X% to X tons in 2023. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, paper articles exports soared to $X in 2023. In general, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates exports structure, together achieving X% of total exports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw 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 a decline in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, paper articles export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2023 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2023, 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 2023, 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.

Paper Articles Imports

Imports in GCC

In 2023, overseas purchases of boxes, pouches, wallets and writing compendiums of paper were finally on the rise to reach X tons after three years of decline. Overall, imports posted temperate growth. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, paper articles imports skyrocketed to $X in 2023. In general, imports continue to indicate a measured expansion. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the key importer of boxes, pouches, wallets and writing compendiums of paper in GCC, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Oman (X tons), the United Arab Emirates (X tons), Qatar (X tons) and Bahrain (X tons), together generating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to paper articles imports into Saudi Arabia stood at X%. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Bahrain (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia, Oman and the United Arab Emirates increased by X, X and X percentage points, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2023, the import price in GCC amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform