Middle East: Box Pallet Market 2020

Box Pallet Market Size in Middle East

The revenue of the box pallet market in Middle East amounted to $X in 2017, declining by -X% against the previous year. The box pallet consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the box pallet market reached its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Box Pallet Production in Middle East

The box pallet production stood at X units in 2017, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2015, when it surged by X% year-to-year. The volume of box pallet production peaked in 2017, and is expected to retain its growth in the immediate term.

Box Pallet Exports in Middle East

In 2017, exports of box pallets and load boards of wood (excluding flat pallets) in Middle East totaled X units, growing by X% against the previous year. The total exports indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the box pallet exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2016, when it surged by X% y-o-y. Over the period under review, the box pallet exports reached its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, box pallet exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Box Pallet Exports by Country in Middle East

Palestine (X units) and Turkey (X units) represented the major exporters of box pallets and load boards of wood (excluding flat pallets) in 2017, finishing at approx. X% and X% of total exports, respectively. The United Arab Emirates (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Jordan (X%).

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Jordan (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports. Saudi Arabia and Jordan lagged somewhat behind, together comprising a further X%.

Jordan (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Box Pallet Export Prices by Country in Middle East

The box pallet export price in Middle East stood at $X per thousand units in 2017, approximately reflecting the previous year. The box pallet export price continues to indicate a moderate descent. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. In that year, the export prices for box pallets and load boards of wood (excluding flat pallets) reached their peak level of $X per thousand units. From 2009 to 2017, growth of the export prices for box pallets and load boards of wood (excluding flat pallets) stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in the United Arab Emirates ($X per thousand units) and Palestine ($X per thousand units), while Jordan ($X per thousand units) and Turkey ($X per thousand units) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Palestine (-X% per year), while the other leaders experienced a decline in the export price figures.

Box Pallet Imports in Middle East

In 2017, approx. X units of box pallets and load boards of wood (excluding flat pallets) were imported in Middle East; surging by X% against the previous year. The box pallet imports continue to indicate a remarkable growth. The growth pace was the most rapid in 2012, with an increase of X% year-to-year. Over the period under review, the box pallet imports reached its peak figure volume of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, box pallet imports amounted to $X in 2017. The box pallet imports continue to indicate a remarkable growth. Over the period under review, the box pallet imports attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Box Pallet Imports by Country in Middle East

The United Arab Emirates represented the main importer of box pallets and load boards of wood (excluding flat pallets) in Middle East, with the volume of imports amounting to X units, which was approx. X% of total imports in 2017. Oman (X units) ranks second in terms of the global imports with a X% share, followed by Turkey (X%), Bahrain (X%) and Saudi Arabia (X%). The following importers - Israel (X units) and Jordan (X units) each finished at a X% share of total imports.

The United Arab Emirates was also the fastest growing in terms of the box pallets and load boards of wood (excluding flat pallets) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Bahrain (+X%), Saudi Arabia (+X%), Jordan (+X%), Turkey (+X%), Israel (+X%) and Oman (+X%) displayed positive paces of growth. While the share of Israel (-X%), Jordan (-X%), Saudi Arabia (-X%), Bahrain (-X%), Oman (-X%), Turkey (-X%) and the United Arab Emirates (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported box pallets and load boards of wood (excluding flat pallets) in Middle East, making up X% of global imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, box pallet imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Oman (+X% per year).

Box Pallet Import Prices by Country in Middle East

The box pallet import price in Middle East stood at $X per thousand units in 2017, coming down by -X% against the previous year. The box pallet import price continues to indicate a moderate curtailment. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. Over the period under review, the import prices for box pallets and load boards of wood (excluding flat pallets) reached its peak figure level of $X per unit in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per unit), while Jordan ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bahrain (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform