Kuwait: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in Kuwait

In 2022, the Kuwaiti sawnwood (non-coniferous) market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sawnwood (Non-Coniferous) Production in Kuwait

In value terms, sawnwood (non-coniferous) production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Sawnwood (non-coniferous) production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Sawnwood (Non-Coniferous) Exports

Exports from Kuwait

Sawnwood (non-coniferous) exports from Kuwait plummeted to X cubic meters in 2022, which is down by X% against the previous year's figure. Over the period under review, exports saw a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood (non-coniferous) exports fell notably to $X in 2022. In general, exports faced a dramatic descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X cubic meters) and Qatar (X cubic meters) were the main destinations of sawnwood (non-coniferous) exports from Kuwait.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%).

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

From 2013 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%.

Export Prices by Country

In 2022, the average sawnwood (non-coniferous) export price amounted to $X per cubic meter, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Qatar amounted to $X per cubic meter.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sawnwood (Non-Coniferous) Imports

Imports into Kuwait

In 2022, purchases abroad of sawnwood (non-coniferous) increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a deep contraction. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sawnwood (non-coniferous) imports surged to $X in 2022. Over the period under review, imports recorded a pronounced increase. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of sawnwood (non-coniferous) to Kuwait, with a X% share of total imports. Moreover, sawnwood (non-coniferous) imports from Germany exceeded the figures recorded by the second-largest supplier, Finland (X cubic meters), fourfold. The United States (X cubic meters) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and the United States (X% per year).

In value terms, the largest sawnwood (non-coniferous) suppliers to Kuwait were Finland ($X), Germany ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of X%, saw 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 sawnwood (non-coniferous) import price stood at $X per cubic meter in 2022, growing by X% against the previous year. In general, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 Malaysia ($X per cubic meter), while the price for the United States ($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 Finland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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