MENA: Paper Label Market 2024

Paper Label Market Size in MENA

The MENA's paper label market rose markedly to $X in 2021, with an increase of 8.6% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Paper Label Production in MENA

In value terms, paper label production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by 42%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Paper Label Exports

Exports in MENA

In 2021, approx. X tons of labels of paper or paperboard were exported in MENA; rising by 36% on the previous year. The total export volume increased at an average annual rate of +6.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, paper label exports soared to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) dominates exports structure, together creating 87% of total exports. It was distantly followed by Israel (X tons), creating a 5.3% share of total exports. The following exporters - Lebanon (X tons) and Saudi Arabia (X tons) - each finished at a 3.9% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +11.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Israel, with a CAGR of +7.3%, recorded 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 more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, dropping by -3.8% against the previous year. Over the period under review, the export price saw a pronounced slump. The pace of growth was the most pronounced in 2018 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the other leaders experienced a decline in the export price figures.

Paper Label Imports

Imports in MENA

Paper label imports surged to X tons in 2021, jumping by 23% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, paper label imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 21%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons), distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Iraq (X tons), Iran (X tons), Turkey (X tons), Tunisia (X tons) and Morocco (X tons) represented the largest importers of labels of paper or paperboard, together mixing up 75% of total imports. Oman (X tons), Qatar (X tons), Israel (X tons), Kuwait (X tons) and Egypt (X tons) followed a long way behind the leaders.

Imports into Saudi Arabia increased at an average annual rate of +16.7% from 2012 to 2021. At the same time, Iraq (+17.0%), Jordan (+11.2%), Qatar (+10.1%), Israel (+6.4%), Kuwait (+4.5%), Tunisia (+2.4%) and Oman (+2.2%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.0% from 2012-2021. By contrast, the United Arab Emirates (-1.9%), Turkey (-2.0%), Iran (-2.1%), Morocco (-3.4%) and Egypt (-10.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia, Iraq, Jordan and Qatar increased by +17, +5, +3.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest paper label importing markets in MENA were Turkey ($X), Jordan ($X) and Saudi Arabia ($X), together comprising 42% of total imports. These countries were followed by the United Arab Emirates, Tunisia, Morocco, Israel, Iraq, Egypt, Iran, Oman, Kuwait and Qatar, which together accounted for a further 51%.

In terms of the main importing countries, Iraq, with a CAGR of +16.1%, saw the highest growth rate of the value of imports, 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, reducing by -2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform