United Arab Emirates: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in the United Arab Emirates

The sawnwood (non-coniferous) market in the United Arab Emirates contracted to $X in 2022, which is down by -6.8% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +54.9% against 2020 indices. Sawnwood (non-coniferous) consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sawnwood (Non-Coniferous) Production in the United Arab Emirates

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. The pace of growth was the most pronounced in 2020 when the production volume decreased by 99.9%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Sawnwood (Non-Coniferous) Exports

Exports from the United Arab Emirates

For the fifth consecutive year, the United Arab Emirates recorded decline in shipments abroad of sawnwood (non-coniferous), which decreased by -69.3% to X cubic meters in 2022. Overall, exports recorded a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 572%. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports declined remarkably to $X in 2022. In general, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 347%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X cubic meters) was the main destination for sawnwood (non-coniferous) exports from the United Arab Emirates, with a 46% share of total exports. Moreover, sawnwood (non-coniferous) exports to India exceeded the volume sent to the second major destination, the Netherlands (X cubic meters), threefold. The United States (X cubic meters) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+53.8% per year) and the United States (+34.6% per year).

In value terms, India ($X) emerged as the key foreign market for sawnwood (non-coniferous) exports from the United Arab Emirates, comprising 41% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to +90.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+67.4% per year) and the United States (+27.9% per year).

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, rising by 19% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2018 an increase of 77%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Cyprus ($X per cubic meter), while the average price for exports to Belgium ($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 (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Non-Coniferous) Imports

Imports into the United Arab Emirates

In 2022, imports of sawnwood (non-coniferous) into the United Arab Emirates contracted significantly to X cubic meters, waning by -17% against 2021. Over the period under review, imports saw a pronounced setback. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 63%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Serbia (X cubic meters), Latvia (X cubic meters) and Myanmar (X cubic meters) were the main suppliers of sawnwood (non-coniferous) imports to the United Arab Emirates, with a combined 25% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +23.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sawnwood (non-coniferous) suppliers to the United Arab Emirates were Myanmar ($X), the United States ($X) and Serbia ($X), together comprising 29% of total imports.

Among the main suppliers, Myanmar, with a CAGR of +28.4%, recorded 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

In 2022, the average sawnwood (non-coniferous) import price amounted to $X per cubic meter, surging by 9.4% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sawnwood (non-coniferous) import price increased by +39.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 75%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Myanmar ($X per cubic meter), while the price for the Netherlands ($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 Latvia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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