Middle East: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2025

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the Middle East

The Middle Eastern market for wood chips, parts, residues, pellets and other agglomerates was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the Middle East

In value terms, production of wood chips, parts, residues, pellets and other agglomerates fell to $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 76% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports in the Middle East

In 2021, exports of wood chips, parts, residues, pellets and other agglomerates in the Middle East skyrocketed to X cubic meters, rising by 64% against 2020. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 88%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 78% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of wood chips, parts, residues, pellets and other agglomerates, namely Turkey, represented more than two-thirds of total export.

Turkey was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates exports, with a CAGR of +68.2% from 2012 to 2021. While the share of Turkey (+91 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in the Middle East.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +50.5%.

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2021, waning by -3.2% against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -10.6% per year.

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports in the Middle East

In 2021, overseas purchases of wood chips, parts, residues, pellets and other agglomerates were finally on the rise to reach X cubic meters after five years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 35%. As a result, imports reached the peak of X cubic meters. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 36% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Turkey dominates agglomerates structure, recording X cubic meters, which was approx. 77% of total imports in 2021. It was distantly followed by the United Arab Emirates (X cubic meters), generating a 5.1% share of total imports. The following importers - Oman (X cubic meters), Israel (X cubic meters), Lebanon (X cubic meters), Palestine (X cubic meters) and Kuwait (X cubic meters) - together made up 12% of total imports.

Imports into Turkey decreased at an average annual rate of -21.9% from 2012 to 2021. At the same time, Palestine (+25.9%), Lebanon (+24.4%), Israel (+19.9%), Kuwait (+17.5%), Oman (+12.0%) and the United Arab Emirates (+1.7%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +25.9% from 2012-2021. The United Arab Emirates (+4.5 p.p.), Oman (+3.8 p.p.), Israel (+2.3 p.p.), Lebanon (+2.1 p.p.), Palestine (+2 p.p.) and Kuwait (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -21.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported wood chips, parts, residues, pellets and other agglomerates in the Middle East, comprising 61% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Lebanon, with a 5% share.

In Turkey, imports of wood chips, parts, residues, pellets and other agglomerates contracted by an average annual rate of -20.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.7% per year) and Lebanon (+24.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per cubic meter, surging by 29% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wood chips, parts, residues, pellets and other agglomerates increased by +62.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Lebanon ($X per cubic meter), while Turkey ($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 the United Arab Emirates (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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