Middle East: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2025

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in the Middle East

In 2021, the Middle Eastern market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders decreased by -70.4% to $X, falling for the second consecutive year after eight years of growth. In general, consumption, however, showed a pronounced increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in the Middle East

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to $X in 2021 estimated in export price. Overall, production, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when the production volume increased by 123%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports in the Middle East

After two years of decline, overseas shipments of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders increased by 91% to X tons in 2021. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2021. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 59%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey represented the largest exporting country with an export of around X tons, which reached 65% of total exports. Saudi Arabia (X tons) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (14%).

Turkey was also the fastest-growing in terms of the boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders exports, with a CAGR of +13.0% from 2012 to 2021. Saudi Arabia (-8.3%) and the United Arab Emirates (-30.0%) illustrated a downward trend over the same period. While the share of Turkey (+60 p.p.) and Saudi Arabia (+9.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-69 p.p.) displayed negative dynamics.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Turkey, with a CAGR of +7.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, reducing by -28% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 44% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a 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 the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.6%), while the other leaders experienced a decline in the export price figures.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports in the Middle East

In 2021, purchases abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders was finally on the rise to reach X tons after six years of decline. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders soared to $X in 2021. Over the period under review, imports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Israel (X tons) and the United Arab Emirates (X tons) represented roughly 58% of total imports in 2021. Bahrain (X tons) held the next position in the ranking, followed by Qatar (X tons), Iran (X tons), Kuwait (X tons) and Palestine (X tons). All these countries together held approx. 27% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Kuwait ($X), with a combined 63% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +12.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, surging by 1.9% against the previous year. In general, the import price recorded a buoyant expansion. The growth pace was the most rapid in 2018 when the import price increased by 107%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+20.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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