Middle East: Chipped Coniferous Wood Market 2020

Chipped Coniferous Wood Market Size in the Middle East

The revenue of the chipped coniferous wood market in the Middle East amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, the chipped coniferous wood market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Chipped Coniferous Wood Production in the Middle East

In value terms, chipped coniferous wood production totaled $X in 2018 estimated in export prices. Over the period under review, chipped coniferous wood production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2010 when production volume increased by X% y-o-y. Over the period under review, chipped coniferous wood production attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production By Country in the Middle East

The countries with the highest volumes of chipped coniferous wood production in 2018 were Iran (X tons), Saudi Arabia (X tons) and Jordan (X tons), together accounting for X% of total production.

From 2007 to 2018, the most notable rate of growth in terms of chipped coniferous wood production, amongst the main producing countries, was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Chipped Coniferous Wood Exports

Exports in the Middle East

In 2018, the amount of coniferous wood in chips or particles exported in the Middle East amounted to X tons, growing by X% against the previous year. Overall, chipped coniferous wood exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, chipped coniferous wood exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, chipped coniferous wood exports amounted to $X in 2018. Over the period under review, chipped coniferous wood exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, chipped coniferous wood exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Iran was the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Saudi Arabia (X tons), mixing up a X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

Iran experienced a relatively flat trend pattern of coniferous wood in chips or particles exports. At the same time, Saudi Arabia (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter in the Middle East, with a CAGR of +X% from 2007-2018. While the share of Iran (+X p.p.), Saudi Arabia (+X p.p.) and Turkey (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chipped coniferous wood markets in the Middle East were Iran ($X), Saudi Arabia ($X) and Turkey ($X), with a combined X% share of total exports.

Among the main exporting countries, Saudi Arabia (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The chipped coniferous wood export price in the Middle East stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the chipped coniferous wood export price continues to indicate a deep downturn. The growth pace was the most rapid in 2012 an increase of X% against the previous year. In that year, the export prices for coniferous wood in chips or particles reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for coniferous wood in chips or particles remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced mixed trends in the export price figures.

Chipped Coniferous Wood Imports

Imports in the Middle East

The imports totaled X tons in 2018, growing by X% against the previous year. Over the period under review, chipped coniferous wood imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. The volume of imports peaked at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, chipped coniferous wood imports stood at $X in 2018. Overall, chipped coniferous wood imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. The level of imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of chipped coniferous wood imports in 2018 were Turkey (X tons), together accounting for X% of total import.

Turkey was also the fastest-growing in terms of the coniferous wood in chips or particles imports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of Turkey increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported coniferous wood in chips or particles in the Middle East.

In Turkey, chipped coniferous wood imports increased at an average annual rate of +X% over the period from 2007-2018.

Import Prices by Country

The chipped coniferous wood import price in the Middle East stood at $X per ton in 2018, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the import price increased by X% year-to-year. In that year, the import prices for coniferous wood in chips or particles reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for coniferous wood in chips or particles remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2007 to 2018, the rate of growth in terms of prices for Turkey amounted to +X% per year.

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Source: IndexBox Platform