MENA: Market for Pulp From Fibres Other Than Wood 2024

Market Size for Pulp From Fibres Other Than Wood in MENA

In 2022, the MENA's market for pulp from fibres other than wood decreased by -10.9% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.7% against the previous year. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Pulp From Fibres Other Than Wood in MENA

In value terms, production of pulp from fibres other than wood stood at $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.9% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 50% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports in MENA

In 2022, approx. X tons of pulp from fibres other than wood were exported in MENA; falling by -16.9% compared with the previous year's figure. In general, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 47%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pulp from fibres other than wood expanded notably to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 52% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Iran (X tons), distantly followed by Tunisia (X tons), the United Arab Emirates (X tons), Turkey (X tons), Egypt (X tons) and Israel (X tons) represented the largest exporters of pulp from fibres other than wood, together creating 92% of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +10.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Israel ($X) remains the largest pulp from fibres other than wood supplier in MENA, comprising 36% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 16% share of total exports. It was followed by Turkey, with a 12% share.

In Israel, exports of pulp from fibres other than wood contracted by an average annual rate of -11.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (-20.8% per year) and Turkey (-0.2% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, jumping by 38% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pulp from fibres other than wood decreased by -16.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.5%), while the other leaders experienced more modest paces of growth.

Imports of Pulp From Fibres Other Than Wood

Imports in MENA

In 2022, purchases abroad of pulp from fibres other than wood decreased by -92.3% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 242% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of pulp from fibres other than wood fell remarkably to $X in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 126%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey prevails in wood structure, finishing at X tons, which was near 77% of total imports in 2022. Morocco (X tons) ranks second in terms of the total imports with a 4.8% share, followed by Iran (4.6%). The United Arab Emirates (X tons), Egypt (X tons) and Lebanon (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pulp from fibres other than wood imports into Turkey stood at +1.0%. At the same time, Morocco (+46.3%), Lebanon (+11.1%) and Iran (+3.4%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +46.3% from 2012-2022. By contrast, Egypt (-3.7%) and the United Arab Emirates (-7.3%) illustrated a downward trend over the same period. While the share of Turkey (+54 p.p.), Morocco (+4.8 p.p.), Iran (+3.6 p.p.) and Lebanon (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported pulp from fibres other than wood in MENA, comprising 80% of total imports. The second position in the ranking was held by Iran ($X), with a 3.8% share of total imports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-1.9% per year) and the United Arab Emirates (-3.7% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, picking up by 97% against the previous year. In general, the import price saw a measured increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform