Kuwait: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Kuwait

The Kuwaiti wood chips and particles market fell remarkably to $X in 2022, shrinking by -34.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a tangible increase. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Exports of Wood Chips And Particles

Exports from Kuwait

In 2022, approx. X cubic meters of wood chips and particles were exported from Kuwait; with a decrease of -36.4% on 2021 figures. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 181% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood chips and particles exports reduced markedly to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 266%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for wood chips and particles exports from Kuwait, with a 86% share of total exports. Moreover, wood chips and particles exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), more than tenfold. Bahrain (X cubic meters) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Bahrain (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for wood chips and particles exports from Kuwait, comprising 82% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Qatar, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+12.7% per year) and Qatar (-31.5% per year).

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, with an increase of 9.7% against the previous year. In general, the export price posted tangible growth. The pace of growth was the most pronounced in 2016 an increase of 30%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to Bahrain ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+150.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips And Particles

Imports into Kuwait

In 2022, approx. X cubic meters of wood chips and particles were imported into Kuwait; dropping by -31% against 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 296%. As a result, imports attained the peak of X cubic meters, and then reduced markedly in the following year.

In value terms, wood chips and particles imports contracted notably to $X in 2022. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 364% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X cubic meters), Portugal (X cubic meters) and South Africa (X cubic meters) were the main suppliers of wood chips and particles imports to Kuwait, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +46.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Egypt ($X) and Vietnam ($X) constituted the largest wood chips and particles suppliers to Kuwait, with a combined 49% share of total imports. The United Arab Emirates, Portugal, Germany, the United States, the UK, Indonesia, Paraguay and Latvia lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Indonesia, with a CAGR of +52.1%, recorded the highest rates of growth with regard to 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

The average wood chips and particles import price stood at $X per cubic meter in 2022, reducing by -12% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The growth pace was the most rapid in 2014 when the average import price increased by 130%. The import price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Portugal ($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 Indonesia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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