Saudi Arabia: Roundwood Market 2024

Roundwood Market Size in Saudi Arabia

The Saudi roundwood market declined remarkably to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Roundwood Production in Saudi Arabia

In value terms, roundwood production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Roundwood Exports

Exports from Saudi Arabia

In 2022, shipments abroad of roundwood decreased by X% to X cubic meters, falling for the second consecutive year after two years of decline. In general, exports faced a abrupt decrease. The smallest decline of X% was in 2021. Over the period under review, the exports attained the peak figure at X cubic meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, roundwood exports declined remarkably to $X in 2022. Over the period under review, exports recorded a significant decrease. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ireland (X cubic meters) was the main destination for roundwood exports from Saudi Arabia, with a X% share of total exports. Moreover, roundwood exports to Ireland exceeded the volume sent to the second major destination, Switzerland (X cubic meters), threefold. The third position in this ranking was taken by France (X cubic meters), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, the UK ($X) emerged as the key foreign market for roundwood exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2013 to 2022, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, declining by X% against the previous year. Overall, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (X%), while the prices for the other major destinations experienced mixed trend patterns.

Roundwood Imports

Imports into Saudi Arabia

In 2022, approx. X cubic meters of roundwood were imported into Saudi Arabia; falling by X% compared with the previous year. Overall, imports faced a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, roundwood imports fell sharply to $X in 2022. Over the period under review, imports recorded a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) constituted the largest supplier of roundwood to Saudi Arabia, accounting for a X% share of total imports. Moreover, roundwood imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), fourfold. The third position in this ranking was taken by Bahrain (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Bahrain (X% per year).

In value terms, the largest roundwood suppliers to Saudi Arabia were the United Arab Emirates ($X), Bahrain ($X) and South Africa ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Bahrain ($X per cubic meter), while the price for France ($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 Finland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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