GCC: Industrial Roundwood (Coniferous) Market 2025

Industrial Roundwood (Coniferous) Market Size in GCC

In 2022, the GCC industrial roundwood (coniferous) market increased by 35% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption recorded a noticeable expansion. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Industrial Roundwood (Coniferous) Production in GCC

In value terms, industrial roundwood (coniferous) production rose to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood (Coniferous) Exports

Exports in GCC

In 2022, shipments abroad of industrial roundwood (coniferous) was finally on the rise to reach X cubic meters after three years of decline. Overall, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 5,752% against the previous year. Over the period under review, the exports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood (coniferous) exports soared to $X in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 4,957%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporter of industrial roundwood (coniferous) in GCC, with the volume of exports finishing at X cubic meters, which was near 60% of total exports in 2022. It was distantly followed by Bahrain (X cubic meters) and Oman (X cubic meters), together achieving a 39% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -19.5% from 2012 to 2022. At the same time, Bahrain (+21.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +21.2% from 2012-2022. By contrast, Oman (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain and Oman increased by +25 and +8.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest industrial roundwood (coniferous) supplier in GCC, comprising 74% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 19% share of total exports.

In the United Arab Emirates, industrial roundwood (coniferous) exports decreased by an average annual rate of -20.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+12.3% per year) and Oman (-10.1% per year).

Export Prices by Country

The export price in GCC stood at $X per cubic meter in 2022, surging by 18% against the previous year. Overall, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when the export price increased by 70%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Oman ($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 (-1.1%), while the other leaders experienced a decline in the export price figures.

Industrial Roundwood (Coniferous) Imports

Imports in GCC

In 2022, purchases abroad of industrial roundwood (coniferous) increased by 34% to X cubic meters, rising for the fourth consecutive year after six years of decline. In general, imports, however, saw a mild descent. Over the period under review, imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) imports soared to $X in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X cubic meters, which was approx. 95% of total imports in 2022. It was distantly followed by Oman (X cubic meters), creating a 4.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood (coniferous) imports into the United Arab Emirates stood at -2.0%. At the same time, Oman (+13.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +13.6% from 2012-2022. From 2012 to 2022, the share of Oman increased by +3.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial roundwood (coniferous) in GCC, comprising 89% of total imports. The second position in the ranking was held by Oman ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +5.8%.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per cubic meter, surging by 1.7% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) import price increased by +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 70%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Oman ($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 (+8.0%).

Source: IndexBox Platform