MENA: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in MENA

The MENA's finishing paper machinery market skyrocketed to $X in 2021, increasing by 55% against the previous year. Overall, consumption enjoyed a buoyant increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Finishing Paper Machinery Production in MENA

In value terms, finishing paper machinery production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Finishing Paper Machinery Exports

Exports in MENA

In 2021, shipments abroad of machinery for finishing paper or paperboard was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, showed a perceptible decrease. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, finishing paper machinery exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 548% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporting country with an export of around X units, which accounted for 48% of total exports. Saudi Arabia (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (16%) and the United Arab Emirates (16%). Iran (X units) held a little share of total exports.

Exports from Turkey decreased at an average annual rate of -3.9% from 2012 to 2021. At the same time, Jordan (+52.8%), Saudi Arabia (+28.7%), Iran (+20.9%) and the United Arab Emirates (+3.9%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of +52.8% from 2012-2021. Jordan (+16 p.p.), Saudi Arabia (+16 p.p.), the United Arab Emirates (+6.5 p.p.) and Iran (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -8.9% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest finishing paper machinery supplier in MENA, comprising 48% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Saudi Arabia, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled -8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-6.1% per year) and Saudi Arabia (+22.9% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, dropping by -42.2% against the previous year. Over the period under review, the export price faced a deep setback. The pace of growth was the most pronounced in 2018 an increase of 186%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.1%), while the other leaders experienced a decline in the export price figures.

Finishing Paper Machinery Imports

Imports in MENA

Finishing paper machinery imports surged to X units in 2021, with an increase of 68% compared with the previous year's figure. Over the period under review, imports saw a prominent expansion. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, finishing paper machinery imports soared to $X in 2021. In general, imports showed pronounced growth. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of finishing paper machinery imports in 2021 were Iran (X units), the United Arab Emirates (X units), Turkey (X units) and Algeria (X units), together amounting to 84% of total import. It was distantly followed by Iraq (X units), generating a 6.4% share of total imports. Yemen (X units) and Egypt (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +59.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machinery for finishing paper or paperboard in MENA, comprising 35% of total imports. The second position in the ranking was taken by Iran ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Iran (+6.9% per year) and the United Arab Emirates (+10.3% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, reducing by -5.8% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the import price increased by 34% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, 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 Egypt ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform