Middle East: Densified Wood Market 2025

Densified Wood Market Size in the Middle East

The Middle Eastern densified wood market declined to $X in 2022, waning by -8.9% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Densified Wood Production in the Middle East

In value terms, densified wood production fell slightly to $X in 2022 estimated in export price. In general, production recorded a slight reduction. The growth pace was the most rapid in 2013 with an increase of 11%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Densified Wood Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of densified wood, when their volume decreased by -26% to X tons. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 183% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, densified wood exports shrank to $X in 2022. In general, exports faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 114%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey was the main exporter of densified wood in the Middle East, with the volume of exports finishing at X tons, which was near 56% of total exports in 2022. It was distantly followed by Oman (X tons) and the United Arab Emirates (X tons), together constituting a 37% share of total exports. Palestine (X tons) and Israel (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of -13.5% from 2012 to 2022. At the same time, Oman (+38.4%) and the United Arab Emirates (+8.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +38.4% from 2012-2022. By contrast, Palestine (-3.2%) and Israel (-6.4%) illustrated a downward trend over the same period. Oman (+20 p.p.), the United Arab Emirates (+14 p.p.) and Palestine (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -29.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest densified wood supplier in the Middle East, comprising 59% of total exports. The second position in the ranking was taken by Oman ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at -13.9%. In the other countries, the average annual rates were as follows: Oman (+34.0% per year) and the United Arab Emirates (+6.7% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, surging by 18% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 31%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+1.9%), while the other leaders experienced a decline in the export price figures.

Densified Wood Imports

Imports in the Middle East

In 2022, approx. X tons of densified wood were imported in the Middle East; waning by -25.2% on 2021. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 129%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, densified wood imports shrank notably to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

Iran (X tons) and Saudi Arabia (X tons) prevails in imports structure, together creating 86% of total imports. It was distantly followed by Qatar (X tons), generating a 5.2% share of total imports. The following importers - Bahrain (X tons), Kuwait (X tons) and Turkey (X tons) - together made up 7.1% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Saudi Arabia (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) constitutes the largest market for imported densified wood in the Middle East, comprising 61% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total imports. It was followed by Turkey, with a 5.4% share.

In Iran, densified wood imports increased at an average annual rate of +19.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+24.8% per year) and Turkey (-1.6% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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