Kuwait: Wood Residues Market 2022

Wood Residues Market Size in Kuwait

The Kuwaiti wood residues market reduced to $X in 2020, with a decrease 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 showed a perceptible decline. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Wood residues consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Wood Residues Exports

Exports from Kuwait

Wood residues exports from Kuwait surged to X cubic meters in 2020, jumping by X% against the previous year's figure. In general, exports posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, wood residues exports rose notably to $X in 2020. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

Germany (X cubic meters), Ukraine (X cubic meters) and Austria (X cubic meters) were the main destinations of wood residues exports from Kuwait, together accounting for X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) constituted the largest markets for wood residues exported from Kuwait worldwide, together comprising X% of total exports.

Ukraine (+X% per year) recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wood residues export price amounted to $X per cubic meter, dropping by -X% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per cubic meter in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Mauritius ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius, while the prices for the other major destinations experienced a decline.

Wood Residues Imports

Imports into Kuwait

For the seventh year in a row, Kuwait recorded decline in purchases abroad of wood residues, which decreased by -X% to X cubic meters in 2020. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X cubic meters in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, wood residues imports fell slightly to $X in 2020. In general, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to Kuwait, together comprising X% of total imports. These countries were followed by Germany, Italy, Norway, Canada, Sweden, the Netherlands, Poland, the U.S., Finland and Lithuania, which together accounted for a further X 2007 to 2020, the biggest increases were in Norway, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Germany ($X) constituted the largest wood residues suppliers to Kuwait, together accounting for X% of total imports. Belgium, the U.S., Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Sweden and Finland lagged somewhat behind, together accounting for a further X saw 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

In 2020, the average wood residues import price amounted to $X per cubic meter, approximately reflecting the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per cubic meter in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per cubic meter), while the price for Canada ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lithuania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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