Middle East: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in the Middle East

After five years of growth, the Middle Eastern market for particle board and similar board of ligneous materials (excluding wood) decreased by less than 0.1% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in the Middle East

In value terms, production of particle board and similar board of ligneous materials (excluding wood) shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 29%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in the Middle East

In 2021, overseas shipments of particle board and similar board of ligneous materials (excluding wood) were finally on the rise to reach X cubic meters after three years of decline. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by 79%. As a result, the exports reached the peak of X cubic meters. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) contracted to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 141%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Syrian Arab Republic (X cubic meters) and Saudi Arabia (X cubic meters) were the key exporters of particle board and similar board of ligneous materials (excluding wood) in 2021, accounting for approx. 40% and 32% of total exports, respectively. Lebanon (X cubic meters) held the next position in the ranking, followed by the United Arab Emirates (X cubic meters) and Turkey (X cubic meters). All these countries together took approx. 27% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Syrian Arab Republic (with a CAGR of +20.0%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest board of bagasse, bamboo or other particles supplier in the Middle East, comprising 63% of total exports. The second position in the ranking was held by Lebanon ($X), with a 17% share of total exports. It was followed by Turkey, with a 6.7% share.

In Saudi Arabia, exports of particle board and similar board of ligneous materials (excluding wood) increased at an average annual rate of +15.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lebanon (+0.4% per year) and Turkey (-13.8% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per cubic meter, dropping by -28.4% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 35% against the previous year. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Syrian Arab Republic ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (-1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in the Middle East

In 2021, purchases abroad of particle board and similar board of ligneous materials (excluding wood) was finally on the rise to reach X cubic meters after two years of decline. Overall, imports, however, showed a deep setback. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2021. In general, imports, however, saw a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X cubic meters), distantly followed by Saudi Arabia (X cubic meters), Lebanon (X cubic meters), Bahrain (X cubic meters) and Iraq (X cubic meters) represented the largest importers of particle board and similar board of ligneous materials (excluding wood), together mixing up 91% of total imports. Jordan (X cubic meters) and Oman (X cubic meters) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +12.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iraq ($X) were the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

Iraq, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per cubic meter, growing by 14% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 54%. The level of import peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Iraq ($X per cubic meter), while Lebanon ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+11.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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