MENA: Corrugated Paper Market 2024

Corrugated Paper Market Size in MENA

The MENA's corrugated paper market skyrocketed to $X in 2021, picking up by 29% against the previous year. Overall, consumption saw a remarkable increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Corrugated Paper Production in MENA

In value terms, corrugated paper production surged to $X in 2021 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 114% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Corrugated Paper Exports

Exports in MENA

In 2021, overseas shipments of corrugated paper and paperboard were finally on the rise to reach X tons after two years of decline. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, corrugated paper exports surged to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Morocco represented the main exporting country with an export of around X tons, which recorded 38% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 16% share, followed by Bahrain (16%), Saudi Arabia (15%) and Turkey (10%). Jordan (X tons) followed a long way behind the leaders.

Exports from Morocco increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Bahrain (+62.9%) and Jordan (+3.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +62.9% from 2012-2021. By contrast, the United Arab Emirates (-1.7%), Turkey (-2.9%) and Saudi Arabia (-5.0%) illustrated a downward trend over the same period. Morocco (+17 p.p.) and Bahrain (+15 p.p.) significantly strengthened its position in terms of the total exports, while Turkey, the United Arab Emirates and Saudi Arabia saw its share reduced by -6.8%, -8.3% and -15.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest corrugated paper supplier in MENA, comprising 35% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Saudi Arabia, with a 16% share.

In Morocco, corrugated paper exports increased at an average annual rate of +9.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-1.2% per year) and Saudi Arabia (-0.7% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, growing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Jordan ($X per ton) and Turkey ($X per ton), while Morocco ($X per ton) and Bahrain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+9.1%), while the other leaders experienced more modest paces of growth.

Corrugated Paper Imports

Imports in MENA

In 2021, imports of corrugated paper and paperboard in MENA skyrocketed to X tons, growing by 41% compared with 2020 figures. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 97% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, corrugated paper imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of corrugated paper and paperboard, namely Morocco, Saudi Arabia, the United Arab Emirates, Algeria and Egypt, represented more than two-thirds of total import. Turkey (X tons) held a 4.8% share (based on physical terms) of total imports, which put it in second place, followed by Oman (4.7%). Tunisia (X tons), Israel (X tons), Libya (X tons), Bahrain (X tons) and Djibouti (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +40.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest corrugated paper importing markets in MENA were Morocco ($X), Algeria ($X) and Saudi Arabia ($X), together accounting for 51% of total imports.

Morocco, with a CAGR of +32.2%, saw 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 ton in 2021, rising by 18% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+17.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform