GCC: Chemical Wood Pulp Market 2024

Chemical Wood Pulp Market Size in GCC

In 2022, the GCC chemical wood pulp market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Overall, consumption, however, recorded a strong increase. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Chemical Wood Pulp Production in GCC

In value terms, chemical wood pulp production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a sharp decline. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Chemical Wood Pulp Exports

Exports in GCC

Chemical wood pulp exports surged to X tons in 2022, increasing by X% on the previous year's figure. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chemical wood pulp exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together resulting at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the chemical wood pulp exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest chemical wood pulp supplier in GCC.

In the United Arab Emirates, chemical wood pulp exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, flattening at the previous year. Export price indicated a remarkable increase 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, chemical wood pulp export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Chemical Wood Pulp Imports

Imports in GCC

After six years of growth, overseas purchases of chemical wood pulp decreased by X% to X tons in 2022. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, chemical wood pulp imports surged to $X in 2022. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. The following importers - Saudi Arabia (X tons), Kuwait (X tons) and Bahrain (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to chemical wood pulp imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported chemical wood pulp in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, chemical wood pulp imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, growing by X% against the previous year. Import price indicated tangible 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, chemical wood pulp import price increased by X% against 2020 indices. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and Bahrain ($X per ton), while the United Arab Emirates ($X per ton) and Kuwait ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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