Middle East: Fibreboard Market 2024

Fibreboard Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern fibreboard market, when its value decreased by X% to $X. In general, consumption saw a mild curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Fibreboard Production in the Middle East

In value terms, fibreboard production reached $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 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Fibreboard Exports

Exports in the Middle East

After five years of growth, overseas shipments of fibreboard decreased by X% to X cubic meters in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then shrank in the following year.

In value terms, fibreboard exports surged to $X in 2022. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X cubic meters, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X cubic meters), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, fibreboard exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per cubic meter), while the United Arab Emirates totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Fibreboard Imports

Imports in the Middle East

In 2022, purchases abroad of fibreboard decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, fibreboard imports fell notably to $X in 2022. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X cubic meters) and the United Arab Emirates (X cubic meters) represented the largest importers of fibreboard in 2022, amounting to near X% and X% of total imports, respectively. Iraq (X cubic meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%), Syrian Arab Republic (X%), Turkey (X%) and Israel (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fibreboard importing markets in the Middle East were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), with a combined X% share of total imports. Iraq, Turkey, Iran and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in the Middle East amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, 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 Israel ($X per cubic meter), while Syrian Arab Republic ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :