Saudi Arabia: Uncoated Felt Paper Market 2024

Uncoated Felt Paper Market Size in Saudi Arabia

In 2022, the Saudi uncoated felt paper market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Uncoated Felt Paper Production in Saudi Arabia

In value terms, uncoated felt paper production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 55%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Uncoated Felt Paper Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of uncoated felt paper and paperboard decreased by -37.8% to X tons in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 1,231% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell notably in the following year.

In value terms, uncoated felt paper exports dropped markedly to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 659% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Egypt (X tons), Italy (X tons) and Bahrain (X tons) were the main destinations of uncoated felt paper exports from Saudi Arabia, together comprising 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +151.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for uncoated felt paper and paperboard exports from Saudi Arabia, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Bahrain, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Egypt totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+81.2% per year) and Bahrain (+47.7% per year).

Export Prices by Country

The average uncoated felt paper export price stood at $X per ton in 2022, declining by -5.8% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The pace of growth was the most pronounced in 2015 an increase of 121% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and Bahrain ($X per ton), while the average price for exports to South Africa ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Uncoated Felt Paper Imports

Imports into Saudi Arabia

After three years of decline, overseas purchases of uncoated felt paper and paperboard decreased by 0% to X tons in 2018. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 113% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, uncoated felt paper imports stood at $X in 2018. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 212%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the United Arab Emirates (X tons) constituted the largest supplier of uncoated felt paper to Saudi Arabia, accounting for a 83% share of total imports. Moreover, uncoated felt paper imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Korea (X tons), eightfold.

From 2012 to 2018, the average annual growth rate of volume from the United Arab Emirates totaled +13.5%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of uncoated felt paper and paperboard to Saudi Arabia, comprising 68% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports.

From 2012 to 2018, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +22.6%.

Import Prices by Country

In 2018, the average uncoated felt paper import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 an increase of 46%. The import price peaked in 2018 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.1%).

Source: IndexBox Platform

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