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

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

In 2021, the Middle Eastern market for wood residues, pellets and other agglomerates increased by 1.6% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +9.9% against 2019 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

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

In value terms, production of wood residues, pellets and other agglomerates stood at $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.0% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in the Middle East

In 2021, exports of wood residues, pellets and other agglomerates in the Middle East soared to X cubic meters, increasing by 78% on the previous year's figure. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 160%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, exports of wood residues, pellets and other agglomerates surged to $X in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 156%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Turkey dominates agglomerates structure, resulting at X cubic meters, which was approx. 93% of total exports in 2021. The following exporters - Kuwait (X cubic meters) and Saudi Arabia (X cubic meters) - each finished at a 3.9% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood residues, pellets and other agglomerates exports from Turkey stood at +69.1%. At the same time, Kuwait (+74.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +74.1% from 2012-2021. By contrast, Saudi Arabia (-20.6%) illustrated a downward trend over the same period. While the share of Turkey (+89 p.p.) and Kuwait (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-63 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest wood residues, pellets and other agglomerates supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by Kuwait ($X), with a 3.1% share of total exports.

In Turkey, exports of wood residues, pellets and other agglomerates increased at an average annual rate of +50.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+69.0% per year) and Saudi Arabia (-17.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per cubic meter, increasing by 2% against the previous year. Overall, the export price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Turkey ($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 Saudi Arabia (+4.4%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in the Middle East

In 2021, supplies from abroad of wood residues, pellets and other agglomerates increased by 15% to X cubic meters, rising for the third year in a row after two years of decline. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.8% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 30%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, imports of wood residues, pellets and other agglomerates soared to $X in 2021. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 41%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X cubic meters), distantly followed by Israel (X cubic meters), Qatar (X cubic meters), Oman (X cubic meters) and Kuwait (X cubic meters) were the key importers of wood residues, pellets and other agglomerates, together achieving 85% of total imports. The following importers - Bahrain (X cubic meters) and Syrian Arab Republic (X cubic meters) - each accounted for a 7.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Syrian Arab Republic (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wood residues, pellets and other agglomerates in the Middle East, comprising 37% of total imports. The second position in the ranking was taken by Israel ($X), with a 17% share of total imports. It was followed by Qatar, with a 14% share.

In the United Arab Emirates, imports of wood residues, pellets and other agglomerates expanded at an average annual rate of +7.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+21.7% per year) and Qatar (-2.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per cubic meter, increasing by 6.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 16%. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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 Bahrain ($X per cubic meter), while Syrian Arab Republic ($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 Bahrain (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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