GCC: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in GCC

The GCC non-corrugated paper box market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Non-Corrugated Paper Box Production in GCC

In value terms, non-corrugated paper box production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 28%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Non-Corrugated Paper Box Exports

Exports in GCC

In 2022, approx. X tons of folding cartons, boxes and cases of non-corrugated paper or paperboard were exported in GCC; dropping by -3.6% against the previous year's figure. Overall, exports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-corrugated paper box exports fell to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together comprising 86% of total exports. Kuwait (X tons) ranks next in terms of the total exports with an 8.5% share, followed by Oman (5.5%).

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +17.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of exports in 2022, with a combined 98% share of total exports. These countries were followed by Oman, which accounted for a further 1.6%.

Oman, with a CAGR of +18.6%, recorded 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

In 2022, the export price in GCC amounted to $X per ton, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 19%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.6%), while the other leaders experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports in GCC

Non-corrugated paper box imports totaled X tons in 2022, almost unchanged from 2021 figures. Over the period under review, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-corrugated paper box imports reached $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 19% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of folding cartons, boxes and cases of non-corrugated paper or paperboard, comprising 41% of total imports. Bahrain (X tons) ranks second in terms of the total imports with a 17% share, followed by Saudi Arabia (14%), Oman (11%), Kuwait (8.9%) and Qatar (8.1%).

From 2012 to 2022, average annual rates of growth with regard to non-corrugated paper box imports into the United Arab Emirates stood at +3.6%. At the same time, Qatar (+29.4%), Oman (+15.8%) and Bahrain (+9.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +29.4% from 2012-2022. By contrast, Kuwait (-11.2%) and Saudi Arabia (-12.9%) illustrated a downward trend over the same period. The United Arab Emirates (+18 p.p.), Bahrain (+11 p.p.), Oman (+8.8 p.p.) and Qatar (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Saudi Arabia saw its share reduced by -14.5% and -31.4% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported folding cartons, boxes and cases of non-corrugated paper or paperboard in GCC, comprising 50% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% 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 the United Arab Emirates totaled +4.3%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-7.5% per year) and Bahrain (+7.1% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the import price increased by 13%. The level of import peaked in 2022 and is expected to retain 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 the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform