MENA: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in MENA

The MENA's uncoated felt paper market surged to $X in 2022, increasing by 42% against the previous year. In general, consumption posted noticeable growth. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Uncoated Felt Paper Production in MENA

In value terms, uncoated felt paper production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 48% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Uncoated Felt Paper Exports

Exports in MENA

In 2022, the amount of uncoated felt paper and paperboard exported in MENA contracted dramatically to X tons, which is down by -30.3% on 2021 figures. In general, exports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2013 with an increase of 117%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, uncoated felt paper exports shrank dramatically to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 133% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the major exporting country with an export of about X tons, which finished at 57% of total exports. It was distantly followed by Egypt (X tons) and the United Arab Emirates (X tons), together committing a 38% share of total exports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +24.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest uncoated felt paper supplying countries in MENA were Saudi Arabia ($X), Egypt ($X) and the United Arab Emirates ($X), with a combined 94% share of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of +36.0%, saw the highest growth rate of the value of exports, 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 MENA stood at $X per ton in 2022, reducing by -12.4% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper export price increased by +61.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.3%), while the other leaders experienced more modest paces of growth.

Uncoated Felt Paper Imports

Imports in MENA

For the third year in a row, MENA recorded growth in overseas purchases of uncoated felt paper and paperboard, which increased by 40% to X tons in 2022. Overall, imports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2018 with an increase of 160%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, uncoated felt paper imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 176%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt was the largest importing country with an import of around X tons, which amounted to 39% of total imports. The United Arab Emirates (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (11%), Morocco (7.5%), Palestine (5.9%) and Algeria (5.8%). Yemen (X tons) held a little share of total imports.

Imports into Egypt increased at an average annual rate of +21.1% from 2012 to 2022. At the same time, Bahrain (+90.3%), Palestine (+76.4%), the United Arab Emirates (+29.1%), Yemen (+9.0%) and Algeria (+8.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of +90.3% from 2012-2022. By contrast, Morocco (-14.8%) illustrated a downward trend over the same period. While the share of Egypt (+34 p.p.), the United Arab Emirates (+15 p.p.), Bahrain (+11 p.p.), Palestine (+5.9 p.p.), Algeria (+3.7 p.p.) and Yemen (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (-24.1 p.p.) displayed negative dynamics.

In value terms, Egypt ($X) constitutes the largest market for imported uncoated felt paper and paperboard in MENA, comprising 39% of total imports. The second position in the ranking was taken by Palestine ($X), with a 13% share of total imports. It was followed by Bahrain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Egypt totaled +13.5%. The remaining importing countries recorded the following average annual rates of imports growth: Palestine (+68.8% per year) and Bahrain (+73.4% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, picking up by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 when the import price increased by 25% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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