MENA: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in MENA

The MENA's market for saw logs and veneer logs rose to $X in 2023, growing by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Saw Logs And Veneer Logs in MENA

In value terms, saw logs and veneer logs production expanded significantly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs

Exports in MENA

In 2023, approx. X cubic meters of saw logs and veneer logs were exported in MENA; reducing by X% compared with the previous year's figure. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, saw logs and veneer logs exports reduced rapidly to $X in 2023. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporter of saw logs and veneer logs in MENA, with the volume of exports resulting at X cubic meters, which was approx. X% of total exports in 2023. Turkey (X cubic meters) took the second position in the ranking, distantly followed by Oman (X cubic meters) and Jordan (X cubic meters). All these countries together took approx. X% share of total exports. The following exporters - Israel (X cubic meters) and Egypt (X cubic meters) - each reached a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest saw logs and veneer logs supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Egypt ($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 Israel (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Saw Logs And Veneer Logs

Imports in MENA

After three years of growth, overseas purchases of saw logs and veneer logs decreased by X% to X cubic meters in 2023. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, saw logs and veneer logs imports dropped dramatically to $X in 2023. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Egypt (X cubic meters), distantly followed by Turkey (X cubic meters), the United Arab Emirates (X cubic meters), Morocco (X cubic meters), Algeria (X cubic meters) and Iran (X cubic meters) represented the key importers of saw logs and veneer logs, together achieving X% of total imports. Iraq (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Algeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest saw logs and veneer logs importing markets in MENA were Turkey ($X), Egypt ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Iran, Algeria, Iraq and Morocco lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iran, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the import price in MENA amounted to $X per cubic meter, which is down by X% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per cubic meter), while Morocco ($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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform