Kuwait: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Kuwait

In 2023, the Kuwaiti market for saw logs and veneer logs (non-coniferous) increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports from Kuwait

In 2023, approx. X cubic meters of saw logs and veneer logs (non-coniferous) were exported from Kuwait; with a decrease of X% compared with 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at X cubic meters in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) contracted significantly to $X in 2023. Overall, exports saw a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Kuwait, accounting for a X% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to Saudi Arabia exceeded the volume sent to the second major destination, Egypt (X cubic meters), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%.

In value terms, Saudi Arabia ($X) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Saudi Arabia stood at X%.

Export Prices by Country

The average export price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2023, stabilizing at the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per cubic meter), while the average price for exports to Saudi Arabia stood at $X per cubic meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports into Kuwait

In 2023, overseas purchases of saw logs and veneer logs (non-coniferous) were finally on the rise to reach X cubic meters after three years of decline. Overall, imports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X cubic meters in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of saw logs and veneer logs (non-coniferous) expanded markedly to $X in 2023. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Gabon (X cubic meters) constituted the largest saw logs and veneer logs (non-coniferous) supplier to Kuwait, with a X% share of total imports. Moreover, imports of saw logs and veneer logs (non-coniferous) from Gabon exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X cubic meters), more than tenfold. The third position in this ranking was taken by Egypt (X cubic meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Gabon amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

In value terms, Gabon ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Kuwait, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Gabon totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

Import Prices by Country

The average import price for saw logs and veneer logs (non-coniferous) stood at $X per cubic meter in 2023, growing by X% against the previous year. Overall, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cameroon ($X per cubic meter), while the price for Egypt ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform