Middle East: Market for Coniferous Wood In The Rough 2024

Market Size for Coniferous Wood In The Rough in the Middle East

In 2022, after four years of growth, there was decline in the Middle Eastern market for coniferous wood in the rough, when its value decreased by -1.2% to $X. Over the period under review, consumption continues to indicate a slight setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Coniferous Wood In The Rough in the Middle East

In value terms, coniferous wood in the rough production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports in the Middle East

Coniferous wood in the rough exports soared to X cubic meters in 2022, picking up by 183% on 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 230%. As a result, the exports attained the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, coniferous wood in the rough exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 174% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X cubic meters, which was approx. 89% of total exports in 2022. Oman (X cubic meters) ranks second in terms of the total exports with a 5.8% share, followed by Kuwait (5.5%).

The United Arab Emirates was also the fastest-growing in terms of the coniferous wood in the rough exports, with a CAGR of +7.4% from 2012 to 2022. At the same time, Oman (+3.4%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Oman increased by +45 and +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Oman ($X) and Kuwait ($X) constituted the countries with the highest levels of exports in 2022, with a combined 99% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +22.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per cubic meter, which is down by -50.6% against the previous year. In general, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by 28%. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per cubic meter), while the United Arab Emirates ($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 Oman (+18.2%), while the other leaders experienced a decline in the export price figures.

Imports of Coniferous Wood In The Rough

Imports in the Middle East

In 2022, after three years of growth, there was decline in supplies from abroad of coniferous wood in the rough, when their volume decreased by -4% to X cubic meters. Over the period under review, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. Over the period under review, coniferous wood in rough imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous wood in the rough imports rose modestly to $X in 2022. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 7.6% against the previous year. Over the period under review, coniferous wood in rough imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Bahrain represented the main importer of coniferous wood in the rough in the Middle East, with the volume of imports reaching X cubic meters, which was near 87% of total imports in 2022. It was distantly followed by Israel (X cubic meters), achieving a 10% share of total imports.

Bahrain was also the fastest-growing in terms of the coniferous wood in the rough imports, with a CAGR of +70.6% from 2012 to 2022. At the same time, Israel (+1.7%) displayed positive paces of growth. From 2012 to 2022, the share of Bahrain and Israel increased by +87 and +9.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coniferous wood in the rough importing markets in the Middle East were Bahrain ($X) and Israel ($X).

In terms of the main importing countries, Bahrain, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, with an increase of 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per cubic meter), while Bahrain stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.8%).

Source: IndexBox Platform

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