Middle East: Wood Residues Market 2022

Wood Residues Market Size in the Middle East

The Middle Eastern wood residues market fell to $X in 2020, approximately reflecting the previous year. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Wood Residues Production in the Middle East

In value terms, wood residues production declined slightly to $X in 2020 estimated in export prices. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2014 to 2020, production growth remained at a lower figure.

Production By Country in the Middle East

Turkey (X cubic meters) constituted the country with the largest volume of wood residues production, accounting for X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Turkey was relatively modest.

Wood Residues Exports

Exports in the Middle East

In 2020, shipments abroad of wood residues increased by X% to X cubic meters, rising for the fifth consecutive year after seven years of decline. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. The volume of export peaked in 2020 and is expected to retain growth in the immediate term.

In value terms, wood residues exports rose remarkably to $X in 2020. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporting country with an export of around X cubic meters, which amounted to X% of total exports. The United Arab Emirates (X cubic meters) occupied an X% share (based on tons) of total exports, which put it in second place, followed by Saudi Arabia (X%). Lebanon (X cubic meters) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the wood residues exports, with a CAGR of +X% from 2007 to 2020. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. Lebanon experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Turkey (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Lebanon (-X p.p.), the United Arab Emirates (-X p.p.) and Saudi Arabia (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports.

Turkey recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the wood residues export price in the Middle East amounted to $X per cubic meter, almost unchanged from the previous year. Export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues export price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, export price attained the peak level of $X per cubic meter. from 2014 to 2020, the growth in terms of the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($X per cubic meter), while Lebanon ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Wood Residues Imports

Imports in the Middle East

In 2020, the amount of wood residues imported in the Middle East reached X cubic meters, growing by X% against the year before. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. The volume of import peaked in 2020 and is likely to continue growth in years to come.

In value terms, wood residues imports shrank to $X in 2020. Over the period under review, imports saw a measured expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. The level of import peaked at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of wood residues imports in 2020 were Lebanon (X cubic meters), Oman (X cubic meters), the United Arab Emirates (X cubic meters), Israel (X cubic meters) and Qatar (X cubic meters), together finishing at X% of total import. The following importers - Bahrain (X cubic meters) and Saudi Arabia (X cubic meters) - each reached a X% share of total imports.

From 2007 to 2020, the biggest increases were in Oman, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues importing markets in the Middle East were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total imports.

Qatar 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

In 2020, the wood residues import price in the Middle East amounted to $X per cubic meter, waning by -X% against the previous year. Overall, the import price showed a mild downturn. The growth pace was the most rapid in 2009 an increase of X% year-to-year. Over the period under review, import prices attained the maximum at $X per cubic meter in 2016; however, from 2017 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($X per cubic meter), while Oman ($X per cubic meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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