Report Update Nov 1, 2024

Saudi Arabia - Wood Pellets - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Wood Pellets Market 2024

Wood Pellets Market Size in Saudi Arabia

The Saudi wood pellets market fell significantly to $X in 2022, which is down by -39% against the previous year. In general, consumption faced a precipitous setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wood Pellets Production in Saudi Arabia

In value terms, wood pellets production amounted to $X in 2022 estimated in export price. In general, production recorded a sharp shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by 16%. Wood pellets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wood Pellets Exports

Exports from Saudi Arabia

In 2021, approx. X tons of wood pellets were exported from Saudi Arabia; stabilizing at 2020 figures. In general, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2015 when exports increased by 67%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood pellets exports amounted to $X in 2021. Overall, exports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 83%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X tons) was the main destination for wood pellets exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Bahrain was relatively modest.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +10.7% per year.

Wood Pellets Imports

Imports into Saudi Arabia

After three years of decline, purchases abroad of wood pellets increased by 214% to X tons in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 294% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, wood pellets imports skyrocketed to $X in 2022. Overall, imports posted a notable expansion. The growth pace was the most rapid in 2018 with an increase of 214% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) was the main supplier of wood pellets to Saudi Arabia, accounting for a 95% share of total imports. Moreover, wood pellets imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2013 to 2022, the average annual growth rate of volume from Indonesia totaled +9.6%.

In value terms, Indonesia ($X) constituted the largest supplier of wood pellets to Saudi Arabia, comprising 82% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to +4.5%.

Import Prices by Country

In 2022, the average wood pellets import price amounted to $X per ton, declining by -35.3% against the previous year. Overall, the import price saw a sharp descent. The growth pace was the most rapid in 2021 an increase of 98%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wood pellets in the world?

The UK remains the largest wood pellets consuming country worldwide, accounting for 23% of total volume. Moreover, wood pellets consumption in the UK exceeded the figures recorded by the second-largest consumer, Italy, threefold. The Netherlands ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of wood pellets in the world?

United States remains the largest wood pellets producing country worldwide, accounting for 19% of total volume. Moreover, wood pellets production in United States exceeded the figures recorded by the second-largest producer, Canada, twofold. Viet Nam ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of wood pellets to Saudi Arabia?

In value terms, Malaysia constituted the largest supplier of wood pellets to Saudi Arabia, comprising 1,433% of total imports. The second position in the ranking was occupied by Turkey, with a 212% share of total imports. It was followed by China, with a 55% share.

What are the leading importers of wood pellets from Saudi Arabia?

In value terms, Bahrain remains the key foreign market for wood pellets exports from Saudi Arabia.

What is the average export price for wood pellets in Saudi Arabia?

The average wood pellets export price stood at $361 per ton in 2020, surging by 4.2% against the previous year.

What is the average import price for wood pellets in Saudi Arabia?

In 2020, the average wood pellets import price amounted to $490 per ton, growing by 2.1% against the previous year.

This report provides an in-depth analysis of the wood pellets market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1693 - Wood pellets

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023