MENA: Fiberboard Market 2024

Fiberboard Market Size in MENA

In 2022, the MENA's fiberboard market increased by X% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Fiberboard Production in MENA

In value terms, fiberboard production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Fiberboard Exports

Exports in MENA

In 2022, shipments abroad of fiber board of wood or other ligneous materials decreased by X% to X cubic meters for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X cubic meters in 2021, and then declined in the following year.

In value terms, fiberboard exports expanded markedly to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The shipments of the one major exporters of fiber board of wood or other ligneous materials, namely Turkey, represented more than two-thirds of total export.

Turkey was also the fastest-growing in terms of the fiber board of wood or other ligneous materials exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest fiberboard supplier in MENA.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%.

Export Prices by Country

The export price in MENA stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period under review, the export price, however, showed a slight setback. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Fiberboard Imports

Imports in MENA

In 2022, after two years of growth, there was decline in purchases abroad of fiber board of wood or other ligneous materials, when their volume decreased by X% to X cubic meters. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, fiberboard imports dropped modestly to $X in 2022. Overall, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X cubic meters), distantly followed by the United Arab Emirates (X cubic meters), Iraq (X cubic meters), Algeria (X cubic meters), Tunisia (X cubic meters), Egypt (X cubic meters), Iran (X cubic meters) and Morocco (X cubic meters) represented the key importers of fiber board of wood or other ligneous materials, together comprising X% of total imports. Turkey (X cubic meters), Syrian Arab Republic (X cubic meters), Israel (X cubic meters), Oman (X cubic meters) and Lebanon (X cubic meters) took a minor share of total imports.

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

In value terms, the largest fiberboard importing markets in MENA were Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Morocco, Israel, Iraq, Algeria, Turkey, Tunisia, Iran, Syrian Arab Republic, Oman and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, the import price, however, saw a mild decline. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per cubic meter), while Syrian Arab Republic ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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