United Arab Emirates: Veneer Sheet Market 2024

Veneer Sheet Market Size in the United Arab Emirates

In 2022, the veneer sheet market in the United Arab Emirates increased by 3% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheet Production in the United Arab Emirates

In value terms, veneer sheet production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 131% against the previous year. Veneer sheet production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Veneer Sheet Exports

Exports from the United Arab Emirates

In 2022, approx. X square meters of veneer sheets and sheets for plywood and other wood sawn lengthwise were exported from the United Arab Emirates; which is down by -29.4% compared with 2021 figures. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 581%. Over the period under review, the exports hit record highs at X square meters in 2021, and then declined remarkably in the following year.

In value terms, veneer sheet exports fell remarkably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 1,165%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X square meters) was the main destination for veneer sheet exports from the United Arab Emirates, accounting for a approx. 97% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +43.0%.

In value terms, India ($X) also remains the key foreign market for veneer sheets and sheets for plywood and other wood sawn lengthwise exports from the United Arab Emirates.

From 2012 to 2022, the average annual growth rate of value to India stood at +40.6%.

Export Prices by Country

The average veneer sheet export price stood at $X per square meter in 2022, growing by 9.5% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheet export price decreased by -34.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 86%. Over the period under review, the average export prices hit record highs at $X per square meter in 2019; however, from 2020 to 2022, 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 India.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +4.1% per year.

Veneer Sheet Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of veneer sheets and sheets for plywood and other wood sawn lengthwise was finally on the rise to reach X square meters after three years of decline. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 47% against the previous year. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, veneer sheet imports fell to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.6% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X square meters), China (X square meters) and Italy (X square meters) were the main suppliers of veneer sheet imports to the United Arab Emirates, together accounting for 48% of total imports. These countries were followed by Turkey, Germany, Spain, Tanzania, Ukraine and India, which together accounted for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +24.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the largest veneer sheet suppliers to the United Arab Emirates, with a combined 50% share of total imports. These countries were followed by Germany, Turkey, Spain, Ukraine, India and Tanzania, which together accounted for a further 19%.

Among the main suppliers, Ukraine, with a CAGR of +34.2%, saw 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

The average veneer sheet import price stood at $X per square meter in 2022, declining by -9% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheet import price increased by +43.0% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 39% against the previous year. The import price peaked at $X per square meter in 2021, and then reduced 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 Germany ($X per square meter), while the price for Tanzania ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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