GCC: Market for Saw Logs And Veneer Logs (Coniferous) 2025

Market Size for Saw Logs And Veneer Logs (Coniferous) in GCC

The GCC market for saw logs and veneer logs (coniferous) skyrocketed to $X in 2021, with an increase of 45% against the previous year. In general, consumption, however, recorded a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in GCC

In value terms, production of saw logs and veneer logs (coniferous) expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 21% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports in GCC

In 2021, approx. X cubic meters of saw logs and veneer logs (coniferous) were exported in GCC; waning by -32.4% compared with the previous year's figure. In general, exports, however, showed resilient growth. The growth pace was the most rapid in 2013 with an increase of 266%. Over the period under review, the exports of hit record highs at X cubic meters in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of saw logs and veneer logs (coniferous) contracted to $X in 2021. Overall, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2013 when exports increased by 139%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates (coniferous) structure, accounting for X cubic meters, which was approx. 95% of total exports in 2021. It was distantly followed by Oman (X cubic meters), comprising a 4.9% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the saw logs and veneer logs (coniferous) exports, with a CAGR of +9.3% from 2012 to 2021. At the same time, Oman (+7.1%) displayed positive paces of growth. While the share of the United Arab Emirates (+17 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest saw logs and veneer logs (coniferous) supplier in GCC, comprising 96% of total exports. The second position in the ranking was held by Oman ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +3.9%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per cubic meter, increasing by 40% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Oman amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+10.7%).

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports in GCC

In 2021, overseas purchases of saw logs and veneer logs (coniferous) increased by 2.3% to X cubic meters, rising for the third year in a row after six years of decline. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 20%. Over the period under review, imports of reached the peak figure at X cubic meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (coniferous) surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in (coniferous) structure, resulting at X cubic meters, which was near 91% of total imports in 2021. It was distantly followed by Oman (X cubic meters), comprising an 8.2% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -9.4% from 2012 to 2021. At the same time, Oman (+14.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +14.1% from 2012-2021. Oman (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -5% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported saw logs and veneer logs (coniferous) in GCC, comprising 72% of total imports. The second position in the ranking was taken by Oman ($X), with a 25% share of total imports.

In the United Arab Emirates, imports of saw logs and veneer logs (coniferous) shrank by an average annual rate of -4.1% over the period from 2012-2021.

Import Prices by Country

The import price in GCC stood at $X per cubic meter in 2021, picking up by 40% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 68% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Oman ($X per cubic meter), while the United Arab Emirates stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%).

Source: IndexBox Platform