Middle East: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern sawnwood (non-coniferous) market, when its value decreased by -33% to $X. In general, consumption showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.5% against the previous year. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in the Middle East

In value terms, sawnwood (non-coniferous) production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in the Middle East

In 2022, shipments abroad of sawnwood (non-coniferous) decreased by -41.9% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2017 when exports increased by 203% against the previous year. The volume of export peaked at X cubic meters in 2021, and then dropped significantly in the following year.

In value terms, sawnwood (non-coniferous) exports contracted dramatically to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 144% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporter of sawnwood (non-coniferous) in the Middle East, with the volume of exports finishing at X cubic meters, which was approx. 55% of total exports in 2022. Saudi Arabia (X cubic meters) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Oman (8.1%). The United Arab Emirates (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of +40.4%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 89% share of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +42.1%, recorded the highest rates of growth with regard to 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

In 2022, the export price in the Middle East amounted to $X per cubic meter, with a decrease of -5% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2021 when the export price increased by 61%. The level of export peaked at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices remained at a 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 the United Arab Emirates ($X per cubic meter), while Turkey ($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 the United Arab Emirates (+5.5%), while the other leaders experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports in the Middle East

For the fifth year in a row, the Middle East recorded decline in overseas purchases of sawnwood (non-coniferous), which decreased by -42.4% to X cubic meters in 2022. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. As a result, imports reached the peak of X cubic meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sawnwood (non-coniferous) imports declined remarkably to $X in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The United Arab Emirates (X cubic meters), Qatar (X cubic meters), Bahrain (X cubic meters), Iran (X cubic meters), Israel (X cubic meters), Turkey (X cubic meters), Yemen (X cubic meters) and Lebanon (X cubic meters) represented roughly 90% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (non-coniferous) importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together accounting for 61% of total imports. Yemen, Iran, Lebanon, Qatar and Bahrain lagged somewhat behind, together accounting for a further 24%.

Iran, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, among 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 the Middle East stood at $X per cubic meter in 2022, which is down by -21.4% against the previous year. Overall, the import price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per cubic meter, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per cubic meter), while Bahrain ($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 the United Arab Emirates (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :