Kuwait: Sawnwood (Coniferous) Market 2024

Sawnwood (Coniferous) Market Size in Kuwait

In 2022, the Kuwaiti sawnwood (coniferous) market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Sawnwood (Coniferous) Production in Kuwait

In value terms, sawnwood (coniferous) production amounted to $X in 2022 estimated in export price. In general, production faced a precipitous descent. The pace of growth was the most pronounced in 2013 with a decrease of X% against the previous year. Sawnwood (coniferous) production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Sawnwood (Coniferous) Exports

Exports from Kuwait

In 2022, shipments abroad of sawnwood (coniferous) decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. In general, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, sawnwood (coniferous) exports declined rapidly to $X in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for sawnwood (coniferous) exports from Kuwait, with a X% share of total exports. Moreover, sawnwood (coniferous) exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X cubic meters), eightfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Qatar (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sawnwood (coniferous) exports from Kuwait, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average sawnwood (coniferous) export price amounted to $X per cubic meter, increasing by X% against the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sawnwood (Coniferous) Imports

Imports into Kuwait

In 2022, purchases abroad of sawnwood (coniferous) increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sawnwood (coniferous) imports rose sharply to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Austria (X cubic meters) constituted the largest sawnwood (coniferous) supplier to Kuwait, accounting for a X% share of total imports. Moreover, sawnwood (coniferous) imports from Austria exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), threefold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

In value terms, Austria ($X) constituted the largest supplier of sawnwood (coniferous) to Kuwait, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Austria totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average sawnwood (coniferous) import price amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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