United Arab Emirates: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in the United Arab Emirates

The assembled parquet panels market in the United Arab Emirates surged to $X in 2021, picking up by 20% 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, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Assembled Parquet Panels Exports

Exports from the United Arab Emirates

Assembled parquet panels exports from the United Arab Emirates skyrocketed to X tons in 2021, increasing by 322% on 2020 figures. Over the period under review, exports saw resilient growth. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, assembled parquet panels exports surged to $X in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 131% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for assembled parquet panels exports from the United Arab Emirates, accounting for a 70% share of total exports. Moreover, assembled parquet panels exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), eightfold. Morocco (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+3.2% per year) and Morocco (+186.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for assembled parquet panels exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was held by Oman ($X), with a 9.9% share of total exports. It was followed by Djibouti, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+14.6% per year) and Djibouti (-0.6% per year).

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, falling by -56.4% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 60%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Assembled Parquet Panels Imports

Imports into the United Arab Emirates

For the fifth consecutive year, the United Arab Emirates recorded growth in overseas purchases of assembled parquet panels, which increased by 32% to X tons in 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels imports surged to $X in 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Lithuania (X tons) and China (X tons) were the main suppliers of assembled parquet panels imports to the United Arab Emirates, together comprising 45% of total imports. These countries were followed by Indonesia, Austria, Taiwan (Chinese), the Netherlands, Germany, Malaysia, Italy, the United States and Estonia, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +58.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest assembled parquet panels suppliers to the United Arab Emirates were Lithuania ($X), Sweden ($X) and Austria ($X), together accounting for 42% of total imports. Indonesia, China, Malaysia, Italy, Taiwan (Chinese), Germany, the Netherlands, the United States and Estonia lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +43.1%, recorded the highest growth rate of 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

In 2021, the average assembled parquet panels import price amounted to $X per ton, with an increase of 2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 7.7%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :