Middle East: Photographic Paper Market 2024

Photographic Paper Market Size in the Middle East

The Middle Eastern photographic paper market surged to $X in 2021, growing by 56% against the previous year. Overall, consumption, however, saw a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Paper Production in the Middle East

In value terms, photographic paper production fell to $X in 2021 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Photographic Paper Exports

Exports in the Middle East

In 2021, shipments abroad of photographic paper, paperboard and textiles was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 82%. As a result, the exports attained the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, photographic paper exports surged to $X in 2021. Overall, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 when exports increased by 72%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X square meters, which accounted for 70% of total exports. It was distantly followed by Turkey (X square meters), making up a 21% share of total exports. The following exporters - Kuwait (X square meters), Saudi Arabia (X square meters) and Jordan (X square meters) - each recorded a 5.8% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -10.1% from 2012 to 2021. At the same time, Kuwait (+8.5%) and Turkey (+4.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +8.5% from 2012-2021. By contrast, Saudi Arabia (-1.0%) and Jordan (-6.1%) illustrated a downward trend over the same period. While the share of Turkey (+15 p.p.) and Kuwait (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest photographic paper supplier in the Middle East, comprising 65% of total exports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total exports. It was followed by Jordan, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -4.4%. In the other countries, the average annual rates were as follows: Turkey (+0.4% per year) and Jordan (+7.7% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per square meter, surging by 27% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the export price increased by 65%. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per square meter), while Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+14.7%), while the other leaders experienced mixed trends in the export price figures.

Photographic Paper Imports

Imports in the Middle East

In 2021, overseas purchases of photographic paper, paperboard and textiles were finally on the rise to reach X square meters after three years of decline. In general, imports, however, continue to indicate a deep downturn. The volume of import peaked at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, photographic paper imports surged to $X in 2021. Overall, imports, however, saw a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X square meters, which amounted to 55% of total imports. It was distantly followed by Turkey (X square meters), Iran (X square meters), Israel (X square meters) and Iraq (X square meters), together committing a 41% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the photographic paper, paperboard and textiles imports, with a CAGR of -3.3% from 2012 to 2021. Iraq (-4.8%), Israel (-7.4%), Turkey (-8.2%) and Iran (-12.1%) illustrated a downward trend over the same period. The United Arab Emirates (+15 p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Iran saw its share reduced by -2.6% and -8.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported photographic paper, paperboard and textiles in the Middle East, comprising 56% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Iran, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-9.1% per year) and Iran (-12.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2021, almost unchanged from the previous year. Overall, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 2.4% against the previous year. Over the period under review, import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Iraq ($X per square meter) and Iran ($X per square meter), while Turkey ($X per square meter) and Israel ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :