Saudi Arabia: Sawnwood Market 2024

Sawnwood Market Size in Saudi Arabia

The Saudi sawnwood market surged to $X in 2022, jumping by X% 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). Over the period under review, the total consumption indicated a slight 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sawnwood Exports

Exports from Saudi Arabia

In 2022, approx. X cubic meters of sawnwood were exported from Saudi Arabia; shrinking by X% compared with 2021 figures. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood exports dropped rapidly to $X in 2022. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Seychelles (X cubic meters) was the main destination for sawnwood exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, sawnwood exports to Seychelles exceeded the volume sent to the second major destination, Bahrain (X cubic meters), twofold. The third position in this ranking was held by Maldives (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Seychelles was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Seychelles was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and the UK (X% per year).

Export Prices by Country

The average sawnwood export price stood at $X per cubic meter in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter, and then shrank sharply in the following year.

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 the Netherlands ($X per cubic meter), while the average price for exports to Maldives ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood Imports

Imports into Saudi Arabia

In 2022, imports of sawnwood into Saudi Arabia surged to X cubic meters, picking up by X% against 2021 figures. Overall, imports continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sawnwood imports declined to $X in 2022. Over the period under review, imports, however, saw a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X cubic meters), Chile (X cubic meters) and Brazil (X cubic meters) were the main suppliers of sawnwood imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood suppliers to Saudi Arabia were Finland ($X), Sweden ($X) and Austria ($X), together comprising X% of total imports.

Finland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 sawnwood import price amounted to $X per cubic meter, which is down by X% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per cubic meter in 2018; however, from 2019 to 2022, import prices stood 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 Sweden ($X per cubic meter), while the price for New Zealand ($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 Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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