MENA: Fibreboard Market 2024

Fibreboard Market Size in MENA

In 2022, the MENA's fibreboard market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Fibreboard Production in MENA

In value terms, fibreboard production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Fibreboard Exports

Exports in MENA

In 2022, after five years of growth, there was significant decline in shipments abroad of fibreboard, when their volume decreased by X% to X cubic meters. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2021, and then shrank in the following year.

In value terms, fibreboard exports expanded significantly to $X in 2022. Over the period under review, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, resulting at X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X cubic meters), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fibreboard exports from Turkey stood at X%. 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 MENA, with a CAGR of X% from 2012-2022. Turkey (X p.p.) and the United Arab Emirates (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 ($X) remains the largest fibreboard supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%.

Export Prices by Country

The export price in MENA stood at $X per cubic meter in 2022, jumping by X% against the previous year. In general, the export price, however, showed a slight reduction. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 MENA

After three years of growth, purchases abroad of fibreboard decreased by X% to X cubic meters in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, fibreboard imports reached $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Saudi Arabia (X cubic meters), distantly followed by the United Arab Emirates (X cubic meters), Iran (X cubic meters), Iraq (X cubic meters), Egypt (X cubic meters), Morocco (X cubic meters) and Tunisia (X cubic meters) were the major importers of fibreboard, together creating X% of total imports. Algeria (X cubic meters), Turkey (X cubic meters), Israel (X cubic meters), Syrian Arab Republic (X cubic meters), Kuwait (X cubic meters) and Oman (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Morocco, Israel, Iran, Iraq, Tunisia, Turkey, Algeria, Kuwait, Oman and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Morocco, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per cubic meter in 2022, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per cubic meter), while Syrian Arab Republic ($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 Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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