GCC: Fiberboard Market 2025

Fiberboard Exports

Exports in GCC

In 2022, approx. X cubic meters of fiber board of wood or other ligneous materials were exported in GCC; with an increase of 2.7% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 49% against the previous year. Over the period under review, the exports attained the maximum at X cubic meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fiberboard exports dropped modestly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 50% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the major exporter of fiber board of wood or other ligneous materials in GCC, with the volume of exports resulting at X cubic meters, which was approx. 60% of total exports in 2022. Oman (X cubic meters) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (14%).

Saudi Arabia was also the fastest-growing in terms of the fiber board of wood or other ligneous materials exports, with a CAGR of +8.9% from 2012 to 2022. The United Arab Emirates (-4.5%) and Oman (-4.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia increased by +32 percentage points.

In value terms, the largest fiberboard supplying countries in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), together accounting for 93% of total exports.

Saudi Arabia, with a CAGR of +5.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per cubic meter, waning by -5.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 13% against the previous year. The level of export peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Saudi Arabia ($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 the United Arab Emirates (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Fiberboard Imports

Imports in GCC

In 2022, imports of fiber board of wood or other ligneous materials in GCC reached X cubic meters, with an increase of 5% on the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, fiberboard imports reached $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X cubic meters) was the main importer of fiber board of wood or other ligneous materials, achieving 52% of total imports. The United Arab Emirates (X cubic meters) ranks second in terms of the total imports with a 33% share, followed by Oman (5.9%). The following importers - Qatar (X cubic meters) and Kuwait (X cubic meters) - each finished at a 7.5% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fiberboard importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 87% share of total imports. Qatar and Kuwait lagged somewhat behind, together accounting for a further 11%.

In terms of the main importing countries, Qatar, with a CAGR of +4.9%, 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

In 2022, the import price in GCC amounted to $X per cubic meter, declining by -3.4% against the previous year. Over the period under review, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of 20% against the previous year. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Qatar ($X per cubic meter), while the United Arab Emirates ($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 Saudi Arabia (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform