United Arab Emirates: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in the United Arab Emirates

The wood chips and particles market in the United Arab Emirates contracted slightly to $X in 2022, therefore, remained relatively stable 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). In general, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Wood Chips And Particles

Exports from the United Arab Emirates

In 2022, shipments abroad of wood chips and particles increased by 122% to X cubic meters for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood chips and particles exports surged to $X in 2022. In general, exports, however, continue to indicate a pronounced decrease. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X cubic meters) was the main destination for wood chips and particles exports from the United Arab Emirates, with a 41% share of total exports. Moreover, wood chips and particles exports to Sri Lanka exceeded the volume sent to the second major destination, Brunei Darussalam (X cubic meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sri Lanka was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (0.0% per year) and Singapore (+66.8% per year).

In value terms, the largest markets for wood chips and particles exported from the United Arab Emirates were Sri Lanka ($X), Brunei Darussalam ($X) and Singapore ($X), together comprising 62% of total exports.

Singapore, with a CAGR of +44.6%, saw 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

In 2022, the average wood chips and particles export price amounted to $X per cubic meter, with a decrease of -26.4% against the previous year. Over the period under review, the export price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 72%. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per cubic meter), while the average price for exports to Sri Lanka ($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 Oman (+7.7%), while the prices for the other major destinations experienced a decline.

Imports of Wood Chips And Particles

Imports into the United Arab Emirates

After four years of decline, overseas purchases of wood chips and particles increased by 17% to X cubic meters in 2022. In general, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 266%. As a result, imports reached the peak of X cubic meters. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, wood chips and particles imports contracted to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +11.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 70%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X cubic meters), Portugal (X cubic meters) and the UK (X cubic meters) were the main suppliers of wood chips and particles imports to the United Arab Emirates, with a combined 60% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +130.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood chips and particles suppliers to the United Arab Emirates were the UK ($X), Portugal ($X) and the United States ($X), with a combined 49% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +107.0%, 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

The average wood chips and particles import price stood at $X per cubic meter in 2022, dropping by -22.7% against the previous year. Over the period under review, the import price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2015 an increase of 109%. Over the period under review, average import prices hit record highs at $X per cubic meter in 2021, and then dropped markedly 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 ($X per cubic meter), while the price for the United States ($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 Vietnam (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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