MENA: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in MENA

In 2022, the MENA's market for wood pulp, excluding mechanical wood pulp increased by 21% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Wood Pulp, Excluding Mechanical Wood Pulp in MENA

In value terms, production of wood pulp, excluding mechanical wood pulp reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports in MENA

In 2022, exports of wood pulp, excluding mechanical wood pulp in MENA soared to X tons, growing by 33% against 2021 figures. In general, exports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 when exports increased by 58% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of wood pulp, excluding mechanical wood pulp skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporting country with an export of about X tons, which finished at 61% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 24% share, followed by Morocco (8.9%). Jordan (X tons) and Oman (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical wood pulp exports from Turkey stood at +51.3%. At the same time, Oman (+66.7%), Jordan (+20.5%) and the United Arab Emirates (+5.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +66.7% from 2012-2022. By contrast, Morocco (-17.7%) illustrated a downward trend over the same period. While the share of Turkey (+60 p.p.), the United Arab Emirates (+6.9 p.p.), Jordan (+3.2 p.p.) and Oman (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Morocco (-69.1 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest wood pulp, excluding mechanical wood pulp supplier in MENA, comprising 73% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Jordan, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +53.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+3.5% per year) and Jordan (+18.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, growing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while Morocco ($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 (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports in MENA

In 2022, imports of wood pulp, excluding mechanical wood pulp in MENA expanded significantly to X tons, picking up by 12% against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.1% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of wood pulp, excluding mechanical wood pulp surged to $X in 2022. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Turkey represented the main importer of wood pulp, excluding mechanical wood pulp in MENA, with the volume of imports resulting at X tons, which was near 44% of total imports in 2022. The United Arab Emirates (X tons) held the second position in the ranking, followed by Egypt (X tons) and Algeria (X tons). All these countries together took approx. 37% share of total imports. The following importers - Israel (X tons), Tunisia (X tons) and Iran (X tons) - together made up 12% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood pulp, excluding mechanical wood pulp imports into Turkey stood at +6.8%. At the same time, the United Arab Emirates (+23.3%), Algeria (+13.6%), Egypt (+7.4%), Iran (+6.6%), Tunisia (+1.7%) and Israel (+1.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +23.3% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Algeria increased by +14 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wood pulp, excluding mechanical wood pulp in MENA, comprising 53% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Egypt, with an 11% share.

In Turkey, imports of wood pulp, excluding mechanical wood pulp expanded at an average annual rate of +10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+21.0% per year) and Egypt (+7.1% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($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 (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform