Oman: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Oman

After two years of growth, the Omani sawnwood (non-coniferous) market decreased by -44.5% to $X in 2022. Overall, consumption saw a abrupt slump. Sawnwood (non-coniferous) consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Exports

Exports from Oman

In 2022, shipments abroad of sawnwood (non-coniferous) was finally on the rise to reach X cubic meters after two years of decline. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,174% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,243% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Yemen (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Oman, with a 70% share of total exports. Moreover, sawnwood (non-coniferous) exports to Yemen exceeded the volume sent to the second major destination, Somalia (X cubic meters), threefold. The third position in this ranking was held by the United Arab Emirates (X cubic meters), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen amounted to +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+12.7% per year) and the United Arab Emirates (-7.9% per year).

In value terms, Yemen ($X), Somalia ($X) and the United Arab Emirates ($X) were the largest markets for sawnwood (non-coniferous) exported from Oman worldwide, with a combined 92% share of total exports. India and Qatar lagged somewhat behind, together comprising a further 3.4%.

In terms of the main countries of destination, India, with a CAGR of +436.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, declining by -28.5% against the previous year. Over the period under review, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 104% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to Yemen ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+110.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into Oman

In 2022, sawnwood (non-coniferous) imports into Oman shrank notably to X cubic meters, waning by -28.8% on 2021 figures. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 77%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sawnwood (non-coniferous) imports fell markedly to $X in 2022. Over the period under review, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X cubic meters), the United Arab Emirates (X cubic meters) and Chile (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Oman, together comprising 63% of total imports. Egypt, Germany, the United States and Romania lagged somewhat behind, together accounting for a further 2.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +46.9%), while imports for the other leaders experienced a decline.

In value terms, the largest sawnwood (non-coniferous) suppliers to Oman were Malaysia ($X), the United Arab Emirates ($X) and Chile ($X), together comprising 61% of total imports. The United States, Germany, Egypt and Romania lagged somewhat behind, together accounting for a further 2.3%.

Among the main suppliers, Egypt, with a CAGR of +16.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average sawnwood (non-coniferous) import price amounted to $X per cubic meter, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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