GCC: Industrial Roundwood Market 2025

Industrial Roundwood Market Size in GCC

In 2022, the GCC industrial roundwood market increased by 52% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a noticeable slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in GCC

In value terms, industrial roundwood production amounted to $X in 2022 estimated in export price. In general, production posted a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,096%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Industrial Roundwood Exports

Exports in GCC

In 2022, shipments abroad of industrial roundwood decreased by -9.6% to X cubic meters, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 when exports increased by 146%. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports fell to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 153%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X cubic meters, which was approx. 89% of total exports in 2022. It was distantly followed by Oman (X cubic meters), constituting a 9.6% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, Oman (+13.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +13.9% from 2012-2022. While the share of the United Arab Emirates (+12 p.p.) and Oman (+8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest industrial roundwood supplier in GCC, comprising 90% of total exports. The second position in the ranking was held by Oman ($X), with an 8.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -7.0%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per cubic meter, which is down by -4.8% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 23% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Oman 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 (-4.0%).

Industrial Roundwood Imports

Imports in GCC

For the third consecutive year, GCC recorded growth in supplies from abroad of industrial roundwood, which increased by 42% to X cubic meters in 2022. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, industrial roundwood imports surged to $X in 2022. Overall, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2018 with an increase of 101%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X cubic meters, which was approx. 92% of total imports in 2022. Oman (X cubic meters) and Kuwait (X cubic meters) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of -4.6% from 2012 to 2022. Oman (-1.8%) and Kuwait (-2.0%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial roundwood in GCC, comprising 80% of total imports. The second position in the ranking was held by Oman ($X), with a 7.1% share of total imports.

In the United Arab Emirates, industrial roundwood imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-8.7% per year) and Kuwait (-0.1% per year).

Import Prices by Country

The import price in GCC stood at $X per cubic meter in 2022, increasing by 1.8% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood import price increased by +20.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per cubic meter), while the United Arab Emirates ($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 the United Arab Emirates (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform