Saudi Arabia: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in Saudi Arabia

The Saudi non-corrugated paper box market rose slightly to $X in 2022, picking up by 2.3% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Non-Corrugated Paper Box Production in Saudi Arabia

In value terms, non-corrugated paper box production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Corrugated Paper Box Exports

Exports from Saudi Arabia

In 2022, the amount of folding cartons, boxes and cases of non-corrugated paper or paperboard exported from Saudi Arabia reduced to X tons, dropping by -12.2% on 2021 figures. In general, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-corrugated paper box exports declined to $X in 2022. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Algeria (X tons), Egypt (X tons) and Libya (X tons) were the main destinations of non-corrugated paper box exports from Saudi Arabia, together comprising 67% of total exports. Morocco, Bahrain, the United Arab Emirates, Nigeria, Kuwait, Yemen and Jordan lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Egypt ($X) and Libya ($X) were the largest markets for non-corrugated paper box exported from Saudi Arabia worldwide, together accounting for 81% of total exports. Morocco, Nigeria, the United Arab Emirates, Bahrain, Kuwait, Yemen and Jordan lagged somewhat behind, together accounting for a further 14%.

Nigeria, with a CAGR of +42.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-corrugated paper box export price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports into Saudi Arabia

Non-corrugated paper box imports into Saudi Arabia shrank modestly to X tons in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 33%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-corrugated paper box imports reduced to $X in 2022. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest non-corrugated paper box supplier to Saudi Arabia, with a 46% share of total imports. Moreover, non-corrugated paper box imports from China exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+13.1% per year) and the United Arab Emirates (-17.3% per year).

In value terms, China ($X) constituted the largest supplier of folding cartons, boxes and cases of non-corrugated paper or paperboard to Saudi Arabia, comprising 60% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Jordan, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.8% per year) and Jordan (+8.3% per year).

Import Prices by Country

In 2022, the average non-corrugated paper box import price amounted to $X per ton, dropping by -13.1% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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