MENA: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in MENA

In 2021, the MENA's bleached sulphate pulp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bleached Sulphate Pulp Production in MENA

In value terms, bleached sulphate pulp production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Bleached Sulphate Pulp Exports

Exports in MENA

In 2021, shipments abroad of bleached sulphate pulp increased by 44% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports continue to indicate moderate growth. The pace of growth was the most pronounced in 2019 when exports increased by 75%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, bleached sulphate pulp exports surged to $X in 2021. Overall, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which finished at 69% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a 23% share of total exports. Morocco (X tons) and Oman (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp exports from Turkey stood at +61.9%. At the same time, Oman (+84.4%) and the United Arab Emirates (+6.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +84.4% from 2012-2021. By contrast, Morocco (-26.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates and Oman increased by +68, +4.8 and +2.1 percentage points, respectively.

In value terms, Turkey ($X) remains the largest bleached sulphate pulp supplier in MENA, comprising 75% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Oman, with a 1.7% share.

In Turkey, bleached sulphate pulp exports expanded at an average annual rate of +60.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.7% per year) and Oman (+73.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, jumping by 24% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the other leaders experienced a decline in the export price figures.

Bleached Sulphate Pulp Imports

Imports in MENA

Bleached sulphate pulp imports rose notably to X tons in 2021, increasing by 12% compared with 2020. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, bleached sulphate pulp imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) represented the key importer of bleached sulphate pulp, comprising 50% of total imports. The United Arab Emirates (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Iran (5.6%) and Israel (5.3%). Algeria (X tons), Tunisia (X tons) and Jordan (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +7.0% from 2012 to 2021. At the same time, the United Arab Emirates (+26.6%), Jordan (+20.0%), Algeria (+13.2%), Iran (+12.0%), Tunisia (+2.5%) and Israel (+1.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +26.6% from 2012-2021. While the share of the United Arab Emirates (+17 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tunisia (-2.5 p.p.), Israel (-4.3 p.p.) and Turkey (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported bleached sulphate pulp in MENA, comprising 52% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Iran, with a 7.7% share.

In Turkey, bleached sulphate pulp imports increased at an average annual rate of +8.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+25.9% per year) and Iran (+14.4% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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