Middle East: Wood Fuel (Coniferous) Market 2020

Wood Fuel (Coniferous) Market Size in the Middle East

The revenue of the wood fuel (coniferous) market in Middle East amounted to $X in 2017, going up by X% against the previous year. The total market indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the wood fuel (coniferous) consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The level of wood fuel (coniferous) consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Wood Fuel (Coniferous) Production in the Middle East

The wood fuel (coniferous) production totaled X cubic meters in 2017, going down by -X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year. In that year, the wood fuel (coniferous) production attained their peak volume of X cubic meters, and then declined slightly in the following year.

Wood Fuel (Coniferous) Exports

Exports in the Middle East

In 2017, exports of wood fuel (coniferous) in Middle East totaled X cubic meters, lowering by -X% against the previous year. The wood fuel (coniferous) exports continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. The volume of exports peaked of X cubic meters in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, wood fuel (coniferous) exports totaled $X in 2017. The wood fuel (coniferous) exports continue to indicate a deep decrease. The level of exports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X cubic meters, which recorded X% of total exports. Turkey (X cubic meters) held the second position in the ranking, followed by Saudi Arabia (X cubic meters) and Qatar (X cubic meters). All these countries together occupied near X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to wood fuel (coniferous) exports from the United Arab Emirates stood at -X%. At the same time, Qatar (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Turkey (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Saudi Arabia, the United Arab Emirates and Turkey increased by X%, X% and X% percentage points, while Qatar (-X%) saw their share reduced.

In value terms, the United Arab Emirates ($X) remains the largest wood fuel (coniferous) supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and Saudi Arabia (-X% per year).

Export Prices by Country

In 2017, the wood fuel (coniferous) export price in Middle East amounted to $X per thousand cubic meters, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The level of export price peaked of $X per thousand cubic meters in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per thousand cubic meters), while Qatar ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Wood Fuel (Coniferous) Imports

Imports in the Middle East

In 2017, the amount of wood fuel (coniferous) imported in Middle East amounted to X cubic meters, increasing by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016, with an increase of X% year-to-year. Over the period under review, the wood fuel (coniferous) imports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, wood fuel (coniferous) imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. In that year, the wood fuel (coniferous) imports reached their peak level of $X. From 2009 to 2017, growth of the wood fuel (coniferous) imports failed to regain its momentum.

Imports by Country

In 2017, Turkey (X cubic meters) and Saudi Arabia (X cubic meters) represented the main importers of wood fuel (coniferous) in the globe, together finishing at near X% of total imports. The United Arab Emirates (X cubic meters) ranks second in terms of the global imports with a X% share, followed by Iran (X%) and Qatar (X%). Oman (X cubic meters) and Israel (X cubic meters) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Iran, the United Arab Emirates, Oman and Israel, which together accounted for a further X%.

In terms of the main importing countries, Iran (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The wood fuel (coniferous) import price in Middle East stood at $X per thousand cubic meters in 2017, growing by X% against the previous year. The wood fuel (coniferous) import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. The level of import price peaked of $X per thousand cubic meters in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Qatar ($X per thousand cubic meters), while Turkey ($X per thousand cubic meters) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Qatar (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform