GCC: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in GCC

The GCC uncoated felt paper market soared to $X in 2022, jumping by 21% against the previous year. Over the period under review, consumption showed modest growth. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Uncoated Felt Paper Production in GCC

In value terms, uncoated felt paper production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 16%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports in GCC

In 2022, exports of uncoated felt paper and paperboard in GCC dropped dramatically to X tons, which is down by -30.7% on the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 159%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports declined sharply to $X in 2022. Over the period under review, exports, however, recorded notable growth. The most prominent rate of growth was recorded in 2021 with an increase of 280%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Saudi Arabia (X tons) represented the major exporter of uncoated felt paper and paperboard, mixing up 88% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating a 12% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the uncoated felt paper and paperboard exports, with a CAGR of +9.0% from 2012 to 2022. The United Arab Emirates (-15.5%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+51 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-50.5 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest uncoated felt paper supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 10% share of total exports.

In Saudi Arabia, uncoated felt paper exports expanded at an average annual rate of +12.5% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, waning by -8.8% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper export price increased by +44.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 47%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.2%).

Uncoated Felt Paper Imports

Imports in GCC

In 2022, approx. X tons of uncoated felt paper and paperboard were imported in GCC; rising by 49% against 2021. In general, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by 407% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, uncoated felt paper imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 472%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Bahrain (X tons) dominates imports structure, together constituting 88% of total imports. It was distantly followed by Oman (X tons) and Kuwait (X tons), together creating a 12% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +90.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest uncoated felt paper importing markets in GCC were Bahrain ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for 94% of total imports.

Bahrain, with a CAGR of +73.4%, saw the highest growth rate of 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

The import price in GCC stood at $X per ton in 2022, increasing by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2019 when the import price increased by 26%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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