GCC: Filter Block Market 2024

Filter Block Market Size in GCC

After seven years of growth, the GCC filter block market decreased by X% to $X in 2022. Overall, consumption saw a pronounced slump. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Filter Block Production in GCC

In value terms, filter block production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant increase. The growth pace was the most rapid in 2015 with an increase of X,600% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Filter Block Exports

Exports in GCC

In 2022, shipments abroad of filter blocks, slabs and plates of paper pulp increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, filter block exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Kuwait (X tons). All these countries together held near X% share of total exports. The following exporters - Bahrain (X kg) and Oman (X kg) - together made up X% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%), Saudi Arabia (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Oman increased by X, X and X percentage points, respectively.

In value terms, Kuwait ($X) remains the largest filter block supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Kuwait, filter block exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Filter Block Imports

Imports in GCC

In 2022, after four years of growth, there was significant decline in supplies from abroad of filter blocks, slabs and plates of paper pulp, when their volume decreased by X% to X tons. In general, imports continue to indicate a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, filter block imports reduced markedly to $X in 2022. Overall, imports, however, continue to indicate tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

The United Arab Emirates (X tons) and Bahrain (X tons) were the main importers of filter blocks, slabs and plates of paper pulp in 2022, accounting for near X% and X% of total imports, respectively. Qatar (X tons) took the next position in the ranking, followed by Kuwait (X tons) and Oman (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported filter blocks, slabs and plates of paper pulp in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, filter block 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: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a significant expansion. The level of import peaked at $X per ton in 2018; however, from 2019 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 the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :