GCC: Office Supply Market 2024

Office Supply Market Size in GCC

For the fourth year in a row, the GCC office supply market recorded decline in sales value, which decreased by -17% to $X in 2022. Over the period under review, consumption, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Office Supply Production in GCC

In value terms, office supply production surged to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 300%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Office Supply Exports

Exports in GCC

Office supply exports reduced to X tons in 2022, waning by -7.4% compared with the previous year. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 71%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, office supply exports fell slightly to $X in 2022. Over the period under review, exports recorded a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 159%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the major exporter of office or school supplies of plastics, mixing up 76% of total exports. It was distantly followed by Oman (X tons), comprising a 19% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -7.2% from 2012 to 2022. At the same time, Oman (+14.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +14.7% from 2012-2022. By contrast, Saudi Arabia (-22.2%) illustrated a downward trend over the same period. Oman (+17 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -15.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest office supply supplier in GCC, comprising 77% of total exports. The second position in the ranking was taken by Oman ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -5.3%. In the other countries, the average annual rates were as follows: Oman (+9.4% per year) and Saudi Arabia (-27.7% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by 2.7% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 52%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat 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 (+2.1%), while the other leaders experienced a decline in the export price figures.

Office Supply Imports

Imports in GCC

Office supply imports contracted rapidly to X tons in 2022, dropping by -25.5% against the previous year. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2013 when imports increased by 24%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, office supply imports fell significantly to $X in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Qatar (X tons), Oman (X tons), Kuwait (X tons) and Bahrain (X tons) were the major importers of office or school supplies of plastics, together mixing up 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +4.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported office or school supplies of plastics in GCC, comprising 45% of total imports. The second position in the ranking was taken by Qatar ($X), with a 21% share of total imports. It was followed by Kuwait, with a 16% share.

In the United Arab Emirates, office supply imports contracted by an average annual rate of -5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-7.1% per year) and Kuwait (-2.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 7.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the import price increased by 17% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 Kuwait ($X per ton), while Oman ($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 (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform