MENA: Recovered Paper Market 2024

Recovered Paper Market Size in MENA

For the seventh year in a row, the MENA's recovered paper market recorded growth in sales value, which increased by 7.3% to $X in 2022. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.6% against 2015 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Recovered Paper Production in MENA

In value terms, recovered paper production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 10% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Recovered Paper Exports

Exports in MENA

In 2022, exports of recovered paper in MENA contracted to X tons, reducing by -6.9% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, recovered paper exports declined to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the main exporter of recovered paper, constituting 30% of total exports. Iraq (X tons) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (11%), Saudi Arabia (8.9%), Israel (7.2%), Algeria (6.1%), Bahrain (5.2%), Morocco (4.6%) and Oman (4.5%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of recovered paper. At the same time, Iraq (+25.6%), Morocco (+19.9%), Algeria (+13.6%), Turkey (+12.5%), Israel (+3.4%) and Oman (+1.3%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.6% from 2012-2022. By contrast, Bahrain (-4.3%) and Saudi Arabia (-8.3%) illustrated a downward trend over the same period. While the share of Iraq (+13 p.p.), Turkey (+7.3 p.p.), Algeria (+4.3 p.p.), Morocco (+3.8 p.p.) and Israel (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (-3.3 p.p.), the United Arab Emirates (-3.6 p.p.) and Saudi Arabia (-13.2 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 ($X) remains the largest recovered paper supplier in MENA, comprising 33% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by Iraq, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+20.5% per year) and Iraq (+27.1% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, shrinking by -6.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 when the export price increased by 50% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

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 Turkey ($X per ton), while Oman ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Recovered Paper Imports

Imports in MENA

In 2022, overseas purchases of recovered paper decreased by -15.3% to X tons for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 67%. The volume of import peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, recovered paper imports amounted to $X in 2022. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 89%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey dominates imports structure, recording X tons, which was near 79% of total imports in 2022. It was distantly followed by Egypt (X tons) and the United Arab Emirates (X tons), together generating a 15% share of total imports.

Imports into Turkey increased at an average annual rate of +38.3% from 2012 to 2022. At the same time, Egypt (+46.0%) and the United Arab Emirates (+3.8%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +46.0% from 2012-2022. Turkey (+63 p.p.) and Egypt (+7.3 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -18% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported recovered paper in MENA, comprising 77% of total imports. The second position in the ranking was held by Egypt ($X), with a 9.3% share of total imports.

In Turkey, recovered paper imports expanded at an average annual rate of +41.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (+44.8% per year) and the United Arab Emirates (+8.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of 35% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform