GCC: Uncoated Filter Paper Market 2024

Uncoated Filter Paper Market Size in GCC

The GCC uncoated filter paper market declined to $X in 2022, falling by -6.9% against the previous year. Over the period under review, consumption showed a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Uncoated Filter Paper Production in GCC

In value terms, uncoated filter paper production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by 26% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Uncoated Filter Paper Exports

Exports in GCC

In 2022, the amount of uncoated filter paper and paperboard exported in GCC reduced sharply to X tons, shrinking by -32.2% on 2021 figures. Overall, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 94% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, uncoated filter paper exports fell remarkably to $X in 2022. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2015 when exports increased by 92%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. 97% of total exports in 2022. Kuwait (X tons) held a relatively small share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, Kuwait (+45.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +45.2% from 2012-2022. The United Arab Emirates (+91 p.p.) and Kuwait (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest uncoated filter paper supplier in GCC, comprising 91% of total exports. The second position in the ranking was held by Kuwait ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at -5.7%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, with a decrease of -52.7% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 32%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.6%).

Uncoated Filter Paper Imports

Imports in GCC

After three years of growth, supplies from abroad of uncoated filter paper and paperboard decreased by -27.6% to X tons in 2022. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 325% against the previous year. The volume of import peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, uncoated filter paper imports shrank markedly to $X in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2019 when imports increased by 511%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell markedly in the following year.

Imports by Country

The countries with the highest levels of uncoated filter paper imports in 2022 were the United Arab Emirates (X tons), together resulting at 99% of total import.

The United Arab Emirates was also the fastest-growing in terms of the uncoated filter paper and paperboard imports, with a CAGR of +23.1% from 2012 to 2022. The United Arab Emirates (+75 p.p.) significantly strengthened its position in terms of the total imports, while 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 uncoated filter paper and paperboard in GCC.

In the United Arab Emirates, uncoated filter paper imports increased at an average annual rate of +34.8% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, shrinking by -15.4% against the previous year. Overall, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when the import price increased by 91% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, 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 +9.5% per year.

Source: IndexBox Platform

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