Middle East: Folding Boxboard Market 2024

Folding Boxboard Market Size in the Middle East

The Middle Eastern folding boxboard market expanded rapidly to $X in 2021, growing by 11% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Folding Boxboard Production in the Middle East

In value terms, folding boxboard production dropped slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Folding Boxboard Exports

Exports in the Middle East

In 2021, the amount of folding boxboard exported in the Middle East soared to X tons, growing by 93% against the year before. Overall, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, folding boxboard exports soared to $X in 2021. In general, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near 86% of total exports in 2021. The United Arab Emirates (X tons), Saudi Arabia (X tons), Lebanon (X tons), Iran (X tons) and Israel (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to folding boxboard exports from Turkey stood at +17.7%. At the same time, Iran (+29.9%), Israel (+16.0%) and the United Arab Emirates (+14.4%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +29.9% from 2012-2021. Lebanon experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-8.4%) illustrated a downward trend over the same period. Turkey (+21 p.p.) significantly strengthened its position in terms of the total exports, while Lebanon and Saudi Arabia saw its share reduced by -5.2% and -16.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest folding boxboard supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6% share of total exports. It was followed by Saudi Arabia, with a 4.8% share.

In Turkey, folding boxboard exports increased at an average annual rate of +17.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+25.5% per year) and Saudi Arabia (-7.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, declining by -4.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 32% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while Lebanon ($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 (+9.7%), while the other leaders experienced more modest paces of growth.

Folding Boxboard Imports

Imports in the Middle East

Folding boxboard imports soared to X tons in 2021, surging by 15% against the previous year. The total import volume increased at an average annual rate of +6.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, folding boxboard imports soared to $X in 2021. The total import value increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern 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

Turkey represented the main importing country with an import of about X tons, which recorded 53% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 19% share, followed by Saudi Arabia (12%). Israel (X tons), Jordan (X tons) and Iran (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +7.6% from 2012 to 2021. At the same time, the United Arab Emirates (+14.3%), Saudi Arabia (+4.2%), Jordan (+3.2%) and Israel (+1.7%) 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 +14.3% from 2012-2021. By contrast, Iran (-4.3%) illustrated a downward trend over the same period. The United Arab Emirates (+9 p.p.) and Turkey (+5.3 p.p.) significantly strengthened its position in terms of the total imports, while Israel, Saudi Arabia and Iran saw its share reduced by -2.1%, -2.4% and -4.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported folding boxboard in the Middle East, comprising 50% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Saudi Arabia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +6.9%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+14.2% per year) and Saudi Arabia (+2.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: 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 (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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