Kuwait: Market for Wood Chips, Particles And Residues 2022

Market Size for Wood Chips, Particles And Residues in Kuwait

The Kuwaiti market for wood chips, particles and residues skyrocketed to $X in 2021, with an increase of X% 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). Overall, consumption posted buoyant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Exports of Wood Chips, Particles And Residues

Exports from Kuwait

In 2021, overseas shipments of wood chips, particles and residues decreased by -X% to X kg, falling for the sixth consecutive year after four years of growth. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, wood chips, particles and residues exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg), Ukraine (X kg) and Austria (X kg) were the main destinations of wood chips, particles and residues exports from Kuwait, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) were the largest markets for wood chips, particles and residues exported from Kuwait worldwide, together accounting for X% of total exports. Canada, the Netherlands, Austria, Poland, France, Norway, the Czech Republic, Croatia and Belarus lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Poland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wood chips, particles and residues stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the export price saw a pronounced setback. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports into Kuwait

In 2021, the amount of wood chips, particles and residues imported into Kuwait expanded remarkably to X kg, with an increase of X% compared with 2020 figures. In general, imports showed a moderate increase. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth imports remained at a lower figure.

In value terms, wood chips, particles and residues imports rose significantly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth imports failed to regain momentum.

Imports by Country

Vietnam (X kg), Egypt (X kg) and the UK (X kg) were the main suppliers of wood chips, particles and residues imports to Kuwait, together accounting for X% of total imports. France, Portugal, Austria, Estonia, Germany, South Africa, Belgium, Italy, Norway and Canada lagged somewhat behind, together comprising a further X 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips, particles and residues suppliers to Kuwait were Vietnam ($X), Portugal ($X) and South Africa ($X), together comprising X% of total imports. These countries were followed by Germany, the UK, France, Egypt, Austria, Estonia, Belgium, Norway, Italy and Canada, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood chips, particles and residues stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Africa ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Africa (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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