MENA: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in MENA

The MENA's wood flat pallet market was estimated at $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Flat Pallet Production in MENA

In value terms, wood flat pallet production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Wood Flat Pallet Exports

Exports in MENA

In 2021, approx. X units of flat pallets and pallet collars of wood were exported in MENA; increasing by 31% on the previous year's figure. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 45%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood flat pallet exports soared to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.8% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Turkey (X units), the United Arab Emirates (X units) and Palestine (X units), together recording 78% of total export. Tunisia (X units) held a 6.7% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (5.9%) and Morocco (4.9%). Jordan (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood flat pallet supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Palestine ($X), with a combined 80% share of total exports. These countries were followed by Saudi Arabia, Morocco, Jordan and Tunisia, which together accounted for a further 19%.

In terms of the main exporting countries, Morocco, with a CAGR of +38.9%, saw the highest growth rate of 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 export price in MENA stood at $X per unit in 2021, jumping by 24% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 82%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.8%), while the other leaders experienced more modest paces of growth.

Wood Flat Pallet Imports

Imports in MENA

After five years of decline, overseas purchases of flat pallets and pallet collars of wood increased by 21% to X units in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% 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 2013 with an increase of 63%. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, wood flat pallet imports surged to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Oman (X units) was the main importer of flat pallets and pallet collars of wood, comprising 48% of total imports. Turkey (X units) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (6.9%), Israel (6.1%), the United Arab Emirates (5.3%) and Saudi Arabia (5.1%). Egypt (X units) held a relatively small share of total imports.

Oman was also the fastest-growing in terms of the flat pallets and pallet collars of wood imports, with a CAGR of +20.9% from 2012 to 2021. At the same time, Egypt (+17.3%), Saudi Arabia (+10.5%), Israel (+7.2%), Turkey (+6.6%) and Morocco (+1.6%) displayed positive paces of growth. By contrast, the United Arab Emirates (-14.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman, Turkey, Egypt and Saudi Arabia increased by +36, +4, +2.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood flat pallet importing markets in MENA were Oman ($X), Turkey ($X) and Morocco ($X), together comprising 76% of total imports. Israel, the United Arab Emirates, Egypt and Saudi Arabia lagged somewhat behind, together accounting for a further 18%.

Egypt, with a CAGR of +16.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, growing by 25% against the previous year. In general, the import price, however, recorded a mild slump. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform