Oman: Market for Wood Chips And Particles 2025

Market Size for Wood Chips And Particles in Oman

The Omani wood chips and particles market totaled $X in 2022, picking up by 1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a resilient expansion. Wood chips and particles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Wood Chips And Particles

Exports from Oman

In 2022, the amount of wood chips and particles exported from Oman contracted significantly to X cubic meters, with a decrease of -21.4% on 2021. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 283% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 100% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for wood chips and particles exports from Oman, accounting for a 64% share of total exports. Moreover, wood chips and particles exports to India exceeded the volume sent to the second major destination, Qatar (X cubic meters), fourfold. The United Arab Emirates (X cubic meters) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled -31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+7.2% per year) and the United Arab Emirates (-23.7% per year).

In value terms, the largest markets for wood chips and particles exported from Oman were India ($X), Qatar ($X) and Bahrain ($X), with a combined 100% share of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wood chips and particles export price stood at $X per cubic meter in 2022, surging by 39% against the previous year. Over the period under review, the export price continues to indicate pronounced growth. The growth pace was the most rapid in 2014 an increase of 110%. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per cubic meter), while the average price for exports to the United Arab Emirates ($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 (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into Oman

Wood chips and particles imports into Oman reached X cubic meters in 2022, stabilizing at the year before. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 129%. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports rose to $X in 2022. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 96%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X cubic meters) constituted the largest supplier of wood chips and particles to Oman, with a 79% share of total imports. Moreover, wood chips and particles imports from the UK exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X cubic meters), tenfold. The third position in this ranking was held by the United States (X cubic meters), with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.1% per year) and the United States (+44.9% per year).

In value terms, the UK ($X) constituted the largest supplier of wood chips and particles to Oman, comprising 69% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-3.8% per year) and the United States (+35.4% per year).

Import Prices by Country

In 2022, the average wood chips and particles import price amounted to $X per cubic meter, picking up by 2.5% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood chips and particles import price increased by +67.9% against 2018 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 26% 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 immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for South Africa ($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 the UK (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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