Middle East: Bleached Sulphate Pulp Market 2024

Bleached Sulphate Pulp Market Size in the Middle East

The Middle Eastern bleached sulphate pulp market was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, 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.

Bleached Sulphate Pulp Production in the Middle East

In value terms, bleached sulphate pulp production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 26%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Bleached Sulphate Pulp Exports

Exports in the Middle East

In 2021, shipments abroad of bleached sulphate pulp increased by 47% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 115% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, bleached sulphate pulp exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which reached 72% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a 24% share of total exports. Oman (X tons) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +61.9% from 2012 to 2021. At the same time, Oman (+84.4%) and the United Arab Emirates (+6.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +84.4% from 2012-2021. From 2012 to 2021, the share of Turkey and Oman increased by +66 and +2.2 percentage points, respectively.

In value terms, Turkey ($X) remains the largest bleached sulphate pulp supplier in the Middle East, comprising 76% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total exports.

In Turkey, bleached sulphate pulp exports increased at an average annual rate of +60.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+3.7% per year) and Oman (+73.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 24% against the previous year. In general, the export price, however, showed a mild contraction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the other leaders experienced a decline in the export price figures.

Bleached Sulphate Pulp Imports

Imports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in overseas purchases of bleached sulphate pulp, which increased by 10% to X tons in 2021. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.4% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, bleached sulphate pulp imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) represented the largest importer of bleached sulphate pulp, constituting 56% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Iran (X tons) and Israel (X tons). All these countries together took approx. 38% share of total imports. Jordan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bleached sulphate pulp imports into Turkey stood at +7.0%. At the same time, the United Arab Emirates (+26.6%), Jordan (+20.0%), Iran (+12.0%) and Israel (+1.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +26.6% from 2012-2021. The United Arab Emirates (+19 p.p.) significantly strengthened its position in terms of the total imports, while Israel and Turkey saw its share reduced by -5% and -8.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported bleached sulphate pulp in the Middle East, comprising 58% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total imports. It was followed by Iran, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +8.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+25.9% per year) and Iran (+14.4% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 34% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Iran ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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