United Arab Emirates: Densified Wood Market 2025

Densified Wood Market Size in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in the densified wood market in the United Arab Emirates, when its value decreased by -6% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Densified Wood Production in the United Arab Emirates

In value terms, densified wood production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Densified Wood Exports

Exports from the United Arab Emirates

In 2022, the amount of densified wood exported from the United Arab Emirates contracted sharply to X tons, with a decrease of -22.1% on the previous year. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 100%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, densified wood exports reduced markedly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by 114% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons), Bahrain (X tons) and Montenegro (X tons) were the main destinations of densified wood exports from the United Arab Emirates, with a combined 81% share of total exports. North Macedonia, Rwanda, Mauritius and Sri Lanka lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +521.2%), while the other leaders experienced more modest paces of growth.

In value terms, Montenegro ($X), Armenia ($X) and Bahrain ($X) constituted the largest markets for densified wood exported from the United Arab Emirates worldwide, with a combined 71% share of total exports. Sri Lanka, Rwanda, Mauritius and North Macedonia lagged somewhat behind, together accounting for a further 23%.

Mauritius, with a CAGR of +489.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average densified wood export price stood at $X per ton in 2022, waning by -5.8% against the previous year. Over the period under review, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Densified Wood Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of densified wood were imported into the United Arab Emirates; dropping by -15.9% compared with the year before. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 119% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, densified wood imports declined significantly to $X in 2022. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 117%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Portugal (X tons) constituted the largest densified wood supplier to the United Arab Emirates, with a 41% share of total imports. Moreover, densified wood imports from Portugal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to +110.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-10.1% per year) and Italy (-23.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of densified wood to the United Arab Emirates, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.3% share of total imports. It was followed by Turkey, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from Portugal amounted to +131.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-18.4% per year) and Turkey (-8.4% per year).

Import Prices by Country

The average densified wood import price stood at $X per ton in 2022, declining by -13.1% 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 +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, densified wood import price increased by +60.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 69%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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