GCC: Wrapping Papers Market 2024

Wrapping Papers Market Size in GCC

In 2022, the GCC wrapping papers market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wrapping Papers Production in GCC

In value terms, wrapping papers production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wrapping Papers Exports

Exports in GCC

After two years of growth, shipments abroad of wrapping paper, packaging paper and paperboard decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, wrapping papers exports expanded slightly to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia represented the largest exporter of wrapping paper, packaging paper and paperboard in GCC, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Kuwait (X tons), together mixing up a X% share of total exports. Bahrain (X tons) took a minor share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. These countries were followed by Bahrain, which accounted for a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a strong expansion 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, wrapping papers export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

Wrapping Papers Imports

Imports in GCC

Wrapping papers imports reduced to X tons in 2022, waning by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wrapping papers imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Kuwait (X tons) and Oman (X tons), together committing a X% share of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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