Kuwait: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Kuwait

In 2022, after five years of decline, there was significant growth in the Kuwaiti market for coniferous wood in the rough, when its value increased by 16% to $X. Over the period under review, consumption, however, showed a precipitous shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Coniferous Wood In The Rough in Kuwait

In value terms, coniferous wood in the rough production declined modestly to $X in 2022 estimated in export price. In general, production saw a notable expansion. The growth pace was the most rapid in 2019 when the production volume increased by 9.8% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from Kuwait

In 2022, overseas shipments of coniferous wood in the rough decreased by -7.1% to X cubic meters for the first time since 2015, thus ending a six-year rising trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports attained the peak of X cubic meters, and then reduced in the following year.

In value terms, coniferous wood in the rough exports totaled $X in 2022. Over the period under review, exports faced a abrupt descent. Over the period under review, the coniferous wood in rough exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for coniferous wood in the rough exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) also remains the key foreign market for coniferous wood in the rough exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to -16.7%.

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, increasing by 8.7% against the previous year. Over the period under review, the export price, however, faced a abrupt decrease. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 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 Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to -16.3% per year.

Imports of Coniferous Wood In The Rough

Imports into Kuwait

After five years of decline, purchases abroad of coniferous wood in the rough increased by 400% to X cubic meters in 2022. Overall, imports, however, showed a precipitous curtailment. Over the period under review, coniferous wood in rough imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a precipitous decline. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X cubic meters) and Poland (X cubic meters) were the main suppliers of coniferous wood in the rough imports to Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of -27.5%).

In value terms, the United States ($X) and Poland ($X) were the largest coniferous wood in the rough suppliers to Kuwait.

Poland, with a CAGR of -27.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average import price for coniferous wood in the rough amounted to $X per cubic meter, picking up by 61% against the previous year. Overall, the import price showed a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 125% against the previous year. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per cubic meter), while the price for the United States amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+102.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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