MENA: Sulphite Wood Pulp Market 2024

Sulphite Wood Pulp Market Size in MENA

The MENA's sulphite wood pulp market rose notably to $X in 2021, with an increase of 5.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sulphite Wood Pulp Production in MENA

In value terms, sulphite wood pulp production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Sulphite Wood Pulp Exports

Exports in MENA

In 2021, shipments abroad of chemical wood pulp (sulphite, other than dissolving grades) decreased by -15.7% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 952%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphite wood pulp exports contracted to $X in 2021. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 593%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Jordan (X tons) represented the main exporter of chemical wood pulp (sulphite, other than dissolving grades), constituting 75% of total exports. It was distantly followed by Turkey (X tons), Tunisia (X tons) and the United Arab Emirates (X tons), together comprising a 25% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sulphite wood pulp exports from Jordan stood at +13.2%. At the same time, Turkey (+19.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +19.0% from 2012-2021. By contrast, Tunisia (-7.6%) and the United Arab Emirates (-12.6%) illustrated a downward trend over the same period. While the share of Jordan (+35 p.p.) and Turkey (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tunisia (-17.6 p.p.) and the United Arab Emirates (-23.4 p.p.) displayed negative dynamics.

In value terms, the largest sulphite wood pulp supplying countries in MENA were Jordan ($X), Turkey ($X) and Tunisia ($X), together accounting for 97% of total exports.

Turkey, with a CAGR of +24.4%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, surging by 1.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the other leaders experienced mixed trends in the export price figures.

Sulphite Wood Pulp Imports

Imports in MENA

In 2021, sulphite wood pulp imports in MENA soared to X tons, increasing by 19% compared with the year before. Over the period under review, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, sulphite wood pulp imports skyrocketed to $X in 2021. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Jordan (X tons) and Turkey (X tons) prevails in imports structure, together comprising 93% of total imports. It was distantly followed by Tunisia (X tons), creating a 5.3% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +23.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest sulphite wood pulp importing markets in MENA were Jordan ($X), Turkey ($X) and Tunisia ($X), together comprising 96% of total imports.

Turkey, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Tunisia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform