GCC: Photographic Paper Market 2024

Photographic Paper Market Size in GCC

The GCC photographic paper market surged to $X in 2021, growing by 117% against the previous year. Overall, consumption, however, saw a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Photographic Paper Production in GCC

In value terms, photographic paper production expanded sharply to $X in 2021 estimated in export price. In general, production saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Photographic Paper Exports

Exports in GCC

In 2021, overseas shipments of photographic paper, paperboard and textiles decreased by -1.6% to X square meters, falling for the third consecutive year after two years of growth. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 103%. As a result, the exports attained the peak of X square meters. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, photographic paper exports soared to $X in 2021. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X square meters, which was approx. 92% of total exports in 2021. Kuwait (X square meters), Saudi Arabia (X square meters) and Oman (X square meters) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, Kuwait (+8.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +8.5% from 2012-2021. By contrast, Saudi Arabia (-1.0%) and Oman (-8.4%) illustrated a downward trend over the same period. Kuwait (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest photographic paper supplier in GCC, comprising 96% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 1.8% share of total exports. It was followed by Saudi Arabia, with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+7.9% per year) and Saudi Arabia (-8.8% per year).

Export Prices by Country

The export price in GCC stood at $X per square meter in 2021, picking up by 31% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the export price increased by 90% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.4%), while the other leaders experienced a decline in the export price figures.

Photographic Paper Imports

Imports in GCC

In 2021, supplies from abroad of photographic paper, paperboard and textiles increased by 118% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a pronounced slump. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, photographic paper imports soared to $X in 2021. In general, imports, however, showed a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X square meters) was the main importer of photographic paper, paperboard and textiles in GCC, comprising 97% of total import.

The United Arab Emirates was also the fastest-growing in terms of the photographic paper, paperboard and textiles imports, with a CAGR of -3.3% from 2012 to 2021. While the share of the United Arab Emirates (+3.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported photographic paper, paperboard and textiles in GCC.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled -4.9%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per square meter, reducing by -6.3% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 an increase of 14%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :