MENA: Photographic Paper Market 2024

Photographic Paper Market Size in MENA

The MENA's photographic paper market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Photographic Paper Production in MENA

In value terms, photographic paper production declined rapidly to $X in 2021 estimated in export price. Overall, production faced a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 56% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Photographic Paper Exports

Exports in MENA

In 2021, overseas shipments of photographic paper, paperboard and textiles were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 82%. As a result, the exports attained the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, photographic paper exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 71%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporter of photographic paper, paperboard and textiles in MENA, with the volume of exports accounting for X square meters, which was approx. 70% of total exports in 2021. It was distantly followed by Turkey (X square meters), creating a 21% share of total exports. The following exporters - Kuwait (X square meters), Saudi Arabia (X square meters) and Jordan (X square meters) - each reached a 5.8% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, Kuwait (+8.5%) and Turkey (+4.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of +8.5% from 2012-2021. By contrast, Saudi Arabia (-1.0%) and Jordan (-6.1%) illustrated a downward trend over the same period. Turkey (+14 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -11.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest photographic paper supplier in MENA, comprising 64% of total exports. The second position in the ranking was taken by Turkey ($X), with a 24% share of total exports. It was followed by Jordan, with a 3.4% share.

In the United Arab Emirates, photographic paper exports contracted by an average annual rate of -4.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+0.4% per year) and Jordan (+7.7% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per square meter, increasing by 27% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 65% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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 Jordan ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+14.7%), while the other leaders experienced mixed trends in the export price figures.

Photographic Paper Imports

Imports in MENA

After three years of decline, overseas purchases of photographic paper, paperboard and textiles increased by 79% to X square meters in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, photographic paper imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a drastic downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X square meters, which recorded 46% of total imports. Turkey (X square meters) ranks second in terms of the total imports with a 14% share, followed by Iran (9.4%), Algeria (6.8%), Israel (5.5%), Iraq (5.5%) and Egypt (5%).

The United Arab Emirates was also the fastest-growing in terms of the photographic paper, paperboard and textiles imports, with a CAGR of -3.3% from 2012 to 2021. Iraq (-4.8%), Israel (-7.4%), Algeria (-8.0%), Turkey (-8.2%), Egypt (-9.9%) and Iran (-12.1%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+14 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Egypt (-1.5 p.p.) and Iran (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported photographic paper, paperboard and textiles in MENA, comprising 47% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by Iran, with a 9.9% share.

In the United Arab Emirates, photographic paper imports plunged by an average annual rate of -4.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (-9.1% per year) and Iran (-12.2% per year).

Import Prices by Country

The import price in MENA stood at $X per square meter in 2021, falling by -2% against the previous year. In general, the import price showed a mild decrease. The growth pace was the most rapid in 2020 when the import price increased by 4.8%. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iraq ($X per square meter) and Iran ($X per square meter), while Algeria ($X per square meter) and Turkey ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform