Middle East: Wood Flat Pallet Market 2024

Wood Flat Pallet Market Size in the Middle East

The Middle Eastern wood flat pallet market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wood Flat Pallet Production in the Middle East

In value terms, wood flat pallet production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Wood Flat Pallet Exports

Exports in the Middle East

For the fifth consecutive year, the Middle East recorded growth in shipments abroad of flat pallets and pallet collars of wood, which increased by X% to X units in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood flat pallet exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey was the largest exporting country with an export of around X units, which reached X% of total exports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Palestine (X%). Bahrain (X units), Saudi Arabia (X units) and Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wood flat pallet supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Palestine ($X), together accounting for X% of total exports. Saudi Arabia, Jordan and Bahrain lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, reducing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Wood Flat Pallet Imports

Imports in the Middle East

In 2022, supplies from abroad of flat pallets and pallet collars of wood increased by X% to X units, rising for the second year in a row after five years of decline. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wood flat pallet imports skyrocketed to $X in 2022. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Oman was the major importer of flat pallets and pallet collars of wood in the Middle East, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Turkey (X units), Kuwait (X units), Iran (X units) and the United Arab Emirates (X units), together constituting a X% share of total imports. The following importers - Israel (X units) and Bahrain (X units) - together made up X% of total imports.

Imports into Oman increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Kuwait (X%), Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.), Kuwait (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported flat pallets and pallet collars of wood in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Kuwait, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Oman stood at X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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