GCC: Wooden Door Market 2024

Wooden Door Market Size in GCC

In 2021, the GCC wooden door market increased by 24% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption, however, recorded strong growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Wooden Door Production in GCC

In value terms, wooden door production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 78% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Wooden Door Exports

Exports in GCC

In 2021, approx. X units of doors and their frames and thresholds of wood were exported in GCC; which is down by -19.3% compared with 2020 figures. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 58%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, wooden door exports reduced to $X in 2021. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) was the main exporter of doors and their frames and thresholds of wood, achieving 54% of total exports. It was distantly followed by Saudi Arabia (X units) and Oman (X units), together constituting a 41% share of total exports. Bahrain (X units) and Kuwait (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wooden door exports from the United Arab Emirates stood at -10.0%. At the same time, Oman (+26.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +26.3% from 2012-2021. Bahrain and Kuwait experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman and Saudi Arabia increased by +18 and +5.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest wooden door supplier in GCC, comprising 69% of total exports. The second position in the ranking was held by Oman ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -3.7%. In the other countries, the average annual rates were as follows: Oman (+11.1% per year) and Saudi Arabia (-5.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, surging by 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2014 an increase of 30% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Bahrain ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+7.9%), while the other leaders experienced more modest paces of growth.

Wooden Door Imports

Imports in GCC

In 2021, supplies from abroad of doors and their frames and thresholds of wood was finally on the rise to reach X units after three years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 72%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden door imports skyrocketed to $X in 2021. Over the period under review, imports recorded slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by 37%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importer of doors and their frames and thresholds of wood in GCC, with the volume of imports reaching X units, which was near 48% of total imports in 2021. It was distantly followed by Kuwait (X units), Oman (X units) and Qatar (X units), together achieving a 49% share of total imports. Bahrain (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of -4.8% from 2012 to 2021. At the same time, Qatar (+26.6%), Kuwait (+14.7%) and Oman (+9.6%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +26.6% from 2012-2021. By contrast, Bahrain (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kuwait, Oman and Qatar increased by +14, +9.7 and +8.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden door importing markets in GCC were Qatar ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 63% share of total imports.

Kuwait, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 47%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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