MENA: Market for Wood Pellets And Other Agglomerates 2023

Market Size for Wood Pellets And Other Agglomerates in MENA

For the third consecutive year, the MENA's market for wood pellets and other agglomerates recorded growth in sales value, which increased by 51% to $X in 2022. Over the period under review, consumption enjoyed buoyant growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Wood Pellets And Other Agglomerates in MENA

In value terms, wood pellets and other agglomerates production rose sharply to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 49%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports in MENA

In 2022, wood pellets and other agglomerates exports in MENA soared to X tons, with an increase of 475% on 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood pellets and other agglomerates exports skyrocketed to $X in 2022. In general, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Egypt (X tons), comprising a 6.1% share of total exports. The following exporters - Tunisia (X tons) and Bahrain (X tons) - together made up 4.2% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood pellets and other agglomerates exports from Turkey stood at +88.8%. At the same time, Bahrain (+127.5%), Egypt (+64.2%) and Tunisia (+34.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +127.5% from 2012-2022. Turkey (+84 p.p.), Egypt (+6.1 p.p.) and Bahrain (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by -1.9% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest wood pellets and other agglomerates supplier in MENA, comprising 84% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9% share of total exports. It was followed by Tunisia, with a 2.7% share.

In Turkey, wood pellets and other agglomerates exports increased at an average annual rate of +77.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+66.5% per year) and Tunisia (+37.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by 26% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports in MENA

In 2022, supplies from abroad of wood pellets and other agglomerates increased by 38% to X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 45% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, wood pellets and other agglomerates imports soared to $X in 2022. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importer of wood pellets and other agglomerates in MENA, with the volume of imports finishing at X tons, which was approx. 36% of total imports in 2022. Israel (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Palestine (12%), the United Arab Emirates (9.8%), Lebanon (8.5%), Kuwait (6.5%) and Qatar (4.5%).

Imports into Turkey increased at an average annual rate of +26.4% from 2012 to 2022. At the same time, Kuwait (+41.7%), Israel (+27.0%), Lebanon (+21.2%) and Palestine (+20.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +41.7% from 2012-2022. By contrast, the United Arab Emirates (-5.1%) and Qatar (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Israel, Palestine, Kuwait and Lebanon increased by +28, +11, +7.9, +6 and +5.6 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported wood pellets and other agglomerates in MENA, comprising 64% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.6% share of total imports. It was followed by Israel, with a 6.1% share.

In Turkey, wood pellets and other agglomerates imports increased at an average annual rate of +52.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.5% per year) and Israel (+17.4% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 105% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood pellets and other agglomerates import price increased by +119.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :