Saudi Arabia: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Saudi Arabia

In 2022, the Saudi sawnwood (non-coniferous) market decreased by 99.9% to less than $X, falling for the second year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in Saudi Arabia

In value terms, sawnwood (non-coniferous) production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Sawnwood (non-coniferous) production peaked in 2022 and is expected to retain growth in years to come.

Sawnwood (Non-Coniferous) Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of sawnwood (non-coniferous) decreased by -51.4% to X cubic meters in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,790% against the previous year. As a result, the exports attained the peak of X cubic meters, and then dropped markedly in the following year.

In value terms, sawnwood (non-coniferous) exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 5,039%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Bahrain (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from Saudi Arabia, accounting for a 83% share of total exports. Moreover, sawnwood (non-coniferous) exports to Bahrain exceeded the volume sent to the second major destination, the UK (X cubic meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+143.9% per year) and the Netherlands (+208.5% per year).

In value terms, Bahrain ($X) remains the key foreign market for sawnwood (non-coniferous) exports from Saudi Arabia, comprising 52% of total exports. The second position in the ranking was held by the UK ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+132.7% per year) and the Netherlands (+448.2% per year).

Export Prices by Country

The average sawnwood (non-coniferous) export price stood at $X per cubic meter in 2022, with an increase of 5.2% against the previous year. Overall, the export price showed a mild increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 140%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Bahrain ($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 the Netherlands (+77.7%), while the prices for the other major destinations experienced a decline.

Sawnwood (Non-Coniferous) Imports

Imports into Saudi Arabia

Sawnwood (non-coniferous) imports into Saudi Arabia contracted remarkably to X cubic meters in 2021, waning by -21.8% against 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 233% against the previous year. As a result, imports reached the peak of X cubic meters. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports fell to $X in 2021. In general, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 140%. Over the period under review, imports attained the peak figure at $X in 2020, and then contracted in the following year.

Imports by Country

Finland (X cubic meters), Sweden (X cubic meters) and Austria (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to Saudi Arabia, together accounting for 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +8.6%), while purchases for the other leaders experienced a decline.

In value terms, Finland ($X), Sweden ($X) and Austria ($X) appeared to be the largest sawnwood (non-coniferous) suppliers to Saudi Arabia, with a combined 58% share of total imports. Romania, Germany, Chile, Russia, Canada and Malaysia lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Chile, with a CAGR of +90.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sawnwood (non-coniferous) import price stood at $X per cubic meter in 2021, picking up by 20% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sawnwood (non-coniferous) import price increased by +112.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 31% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per cubic meter), while the price for Germany ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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