Oman: Densified Wood Market 2025

Densified Wood Market Size in Oman

The Omani densified wood market skyrocketed to $X in 2022, growing by 26% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -24.9% against 2017 indices. Densified wood consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Densified Wood Production in Oman

In value terms, densified wood production reached $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 104% against the previous year. Densified wood production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Densified Wood Exports

Exports from Oman

In 2022, shipments abroad of densified wood decreased by -34% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 212% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, densified wood exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 181% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Somalia (X tons) was the main destination for densified wood exports from Oman, accounting for a 100% share of total exports. It was followed by the United Arab Emirates (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Somalia totaled +87.2%.

In value terms, Somalia ($X) remains the key foreign market for densified wood exports from Oman, comprising 100% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia stood at +77.2%.

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, picking up by 2.7% against the previous year. In general, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (-5.4%).

Densified Wood Imports

Imports into Oman

In 2022, after three years of decline, there was significant growth in overseas purchases of densified wood, when their volume increased by 22% to X tons. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by 140% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, densified wood imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 231%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest supplier of densified wood to Oman, accounting for a 56% share of total imports. Moreover, densified wood imports from Slovenia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-23.3% per year) and the United Arab Emirates (-26.6% per year).

In value terms, Slovenia ($X) constituted the largest supplier of densified wood to Oman, comprising 55% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.7% per year) and Germany (-10.7% per year).

Import Prices by Country

In 2022, the average densified wood import price amounted to $X per ton, falling by -5.4% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, densified wood import price increased by +135.9% against 2014 indices. The pace of growth appeared the most rapid in 2015 an increase of 38% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+42.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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