GCC: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in GCC

In 2022, the GCC market for wood pulp, excluding mechanical wood pulp increased by X% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption, however, showed a prominent increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in GCC

In value terms, production of wood pulp, excluding mechanical wood pulp reached $X in 2022 estimated in export price. In general, production, however, recorded a sharp curtailment. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of wood pulp, excluding mechanical wood pulp, which increased by X% to X tons in 2022. In general, exports, however, saw a noticeable downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of wood pulp, excluding mechanical wood pulp, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the wood pulp, excluding mechanical 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 wood pulp, excluding mechanical wood pulp supplier in GCC.

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

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, standing approx. at the previous year. Export price indicated a prominent 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, export price for wood pulp, excluding mechanical wood pulp increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

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.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in GCC

In 2022, purchases abroad of wood pulp, excluding mechanical wood pulp decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, saw a strong increase. 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 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, imports of wood pulp, excluding mechanical wood pulp soared to $X in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates prevails in pulp structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total imports. The following importers - Kuwait (X tons) and Bahrain (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical 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, Saudi Arabia (X%) and Bahrain (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 ($X) constitutes the largest market for imported wood pulp, excluding mechanical wood pulp in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, imports of wood pulp, excluding mechanical wood pulp increased 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, rising by X% against the previous year. Import price indicated notable 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, import price for wood pulp, excluding mechanical wood pulp increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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