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Report MENA - Hardboard - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

MENA - Hardboard - Market Analysis, Forecast, Size, Trends and Insights

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MENA: Hardboard Market 2024

Hardboard Market Size in MENA

The MENA's hardboard market contracted slightly to $X in 2022, dropping by -2% against the previous year. Over the period under review, consumption continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hardboard Production in MENA

In value terms, hardboard production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 1,368%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Hardboard Exports

Exports in MENA

In 2022, after five years of growth, there was decline in overseas shipments of hardboard, when their volume decreased by -0.3% to X cubic meters. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 73%. The volume of export peaked at X cubic meters in 2021, and then shrank modestly in the following year.

In value terms, hardboard exports surged to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 79%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Turkey (X cubic meters), together amounting to 99% of total export.

Turkey was also the fastest-growing in terms of the hardboard exports, with a CAGR of +18.1% from 2012 to 2022. From 2012 to 2022, the share of Turkey increased by +5.6 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 hardboard supplier in MENA.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +19.2%.

Export Prices by Country

The export price in MENA stood at $X per cubic meter in 2022, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 +0.9% per year.

Hardboard Imports

Imports in MENA

Hardboard imports fell dramatically to X cubic meters in 2022, which is down by -15.3% against the previous year's figure. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by 19%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hardboard imports fell remarkably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the six major importers of hardboard, namely Turkey, Jordan, Egypt, Israel, Morocco and Algeria, represented more than two-thirds of total import. It was distantly followed by Saudi Arabia (X cubic meters) and Iraq (X cubic meters), together mixing up a 10% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Algeria (with a CAGR of +21.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Egypt ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together accounting for 45% of total imports. Israel, Morocco, Algeria, Iraq and Saudi Arabia lagged somewhat behind, together accounting for a further 40%.

Algeria, with a CAGR of +16.0%, recorded the highest growth rate of 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 MENA stood at $X per cubic meter in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Iraq ($X per cubic meter), while Algeria ($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 Morocco (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of hardboard consumption was Jordan, comprising approx. 36% of total volume. Moreover, hardboard consumption in Jordan exceeded the figures recorded by the second-largest consumer, Egypt, threefold. Israel ranked third in terms of total consumption with a 9.1% share.
Turkey remains the largest hardboard producing country in MENA, comprising approx. 85% of total volume. Moreover, hardboard production in Turkey exceeded the figures recorded by the second-largest producer, Jordan, sixfold.
In value terms, Turkey remains the largest hardboard supplier in MENA.
In value terms, the largest hardboard importing markets in MENA were Jordan, Egypt and Turkey, with a combined 45% share of total imports. Israel, Morocco, Algeria, Iraq and Saudi Arabia lagged somewhat behind, together comprising a further 40%.
The export price in MENA stood at $670 per cubic meter in 2022, growing by 18% against the previous year.
In 2022, the import price in MENA amounted to $683 per cubic meter, flattening at the previous year.

This report provides an in-depth analysis of the hardboard market in MENA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1647 - Hardboard

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in MENA, split by region and country
  • Trade (exports and imports) in MENA
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Algeria
    • Bahrain
    • Djibouti
    • Egypt
    • Iran
    • Iraq
    • Israel
    • Jordan
    • Kuwait
    • Lebanon
    • Libya
    • Morocco
    • Oman
    • Palestine
    • Qatar
    • Saudi Arabia
    • Syrian Arab Republic
    • Tunisia
    • Turkey
    • United Arab Emirates
    • Yemen

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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