Middle East: Veneer Sheet Market 2025

Veneer Sheet Market Size in the Middle East

The Middle Eastern veneer sheet market declined to $X in 2022, with a decrease of -8.4% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.2% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheet Production in the Middle East

In value terms, veneer sheet production contracted to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports in the Middle East

In 2022, shipments abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 51% to X square meters, rising for the sixth year in a row after two years of decline. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, veneer sheet exports soared to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +91.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, accounting for X square meters, which was approx. 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X square meters), mixing up a 7.5% share of total exports. Lebanon (X square meters) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the veneer sheets and sheets for plywood and other wood sawn lengthwise exports, with a CAGR of +13.3% from 2012 to 2022. At the same time, Lebanon (+8.7%) and the United Arab Emirates (+8.1%) displayed positive paces of growth. Turkey (+34 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest veneer sheet supplier in the Middle East, comprising 91% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.3% share of total exports.

In Turkey, veneer sheet exports expanded at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.9% per year) and Lebanon (-3.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2022, declining by -10.1% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 29%. The level of export peaked at $X per square meter in 2017; however, from 2018 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 Turkey ($X per square meter), while Lebanon ($X per square 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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Veneer Sheet Imports

Imports in the Middle East

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise increased by 13% to X square meters, rising for the third year in a row after three years of decline. Overall, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, veneer sheet imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, accounting for X square meters, which was near 76% of total imports in 2022. It was distantly followed by the United Arab Emirates (X square meters), comprising a 6.2% share of total imports. Palestine (X square meters), Iran (X square meters), Israel (X square meters) and Yemen (X square meters) took a relatively small share of total imports.

Turkey was also the fastest-growing in terms of the veneer sheets and sheets for plywood and other wood sawn lengthwise imports, with a CAGR of +7.2% from 2012 to 2022. At the same time, Iran (+3.8%), Israel (+1.8%) and the United Arab Emirates (+1.6%) displayed positive paces of growth. By contrast, Palestine (-3.3%) and Yemen (-8.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Iran increased by +46, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported veneer sheets and sheets for plywood and other wood sawn lengthwise in the Middle East, comprising 48% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Israel, with a 9.1% share.

In Turkey, veneer sheet imports expanded at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.0% per year) and Israel (+4.6% per year).

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2022, rising by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Turkey ($X per square 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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :