Middle East: Chipped Non-Coniferous Wood Market 2020

Chipped Non-Coniferous Wood Market Size in the Middle East

The revenue of the chipped non-coniferous wood market in the Middle East amounted to $X in 2018, remaining constant against the previous year. The total market indicated a prominent increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped non-coniferous wood consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. In that year, the chipped non-coniferous wood market attained its peak level of $X, leveling off in the following year.

Chipped Non-Coniferous Wood Production in the Middle East

In value terms, chipped non-coniferous wood production amounted to $X in 2018 estimated in export prices. The total output indicated slight growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, chipped non-coniferous wood production increased by +X% against 2012 indices. The growth pace was the most rapid in 2017 when production volume increased by X% y-o-y. The level of chipped non-coniferous wood production peaked in 2018 and is expected to retain its growth in the near future.

Production By Country in the Middle East

Iran (X tons) constituted the country with the largest volume of chipped non-coniferous wood production, accounting for X% of total production. Moreover, chipped non-coniferous wood production in Iran exceeded the figures recorded by the region's second-largest producer, Syrian Arab Republic (X tons), threefold. Yemen (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Iran stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: Syrian Arab Republic (+X% per year) and Yemen (+X% per year).

Chipped Non-Coniferous Wood Exports

Exports in the Middle East

The exports amounted to X tons in 2018, increasing by X% against the previous year. In general, chipped non-coniferous wood exports, however, continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, chipped non-coniferous wood exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, chipped non-coniferous wood exports stood at $X in 2018. Over the period under review, chipped non-coniferous wood exports, however, continue to indicate a drastic contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. The level of exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Kuwait (X tons) was the largest exporter of non-coniferous wood in chips or particles, constituting X% of total exports. It was distantly followed by Iran (X tons), creating a X% share of total exports. The following exporters - Lebanon (X kg) and Saudi Arabia (X kg) - together made up X% of total exports.

Kuwait was also the fastest-growing in terms of the non-coniferous wood in chips or particles exports, with a CAGR of +X% from 2007 to 2018. At the same time, Lebanon (+X%) displayed positive paces of growth. By contrast, Saudi Arabia (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Kuwait and Lebanon increased by +X% and +X% percentage points, while Iran (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chipped non-coniferous wood markets in the Middle East were Kuwait ($X), Lebanon ($X) and Saudi Arabia ($X), together accounting for X% of total exports.

Kuwait (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The chipped non-coniferous wood export price in the Middle East stood at $X per ton in 2018, dropping by -X% against the previous year. Overall, the chipped non-coniferous wood export price, however, continues to indicate outstanding growth. The growth pace was the most rapid in 2015 when the export price increased by X% y-o-y. Over the period under review, the export prices for non-coniferous wood in chips or particles attained their maximum at $X per ton in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lebanon ($X per ton), while Iran ($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 more modest paces of growth.

Chipped Non-Coniferous Wood Imports

Imports in the Middle East

In 2018, approx. X tons of non-coniferous wood in chips or particles were imported in the Middle East; going down by -X% against the previous year. Over the period under review, chipped non-coniferous wood imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. The volume of imports peaked at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, chipped non-coniferous wood imports totaled $X in 2018. In general, chipped non-coniferous wood imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. The level of imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Turkey (X tons) represented the largest importers of non-coniferous wood in chips or particles in the Middle East, achieving X% of total import.

Turkey experienced a relatively flat trend pattern of non-coniferous wood in chips or particles imports. Turkey (-X p.p.) significantly weakened its position in terms of the total imports, 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 non-coniferous wood in chips or particles in the Middle East.

From 2007 to 2018, the average annual rate of growth in terms of value in Turkey was relatively modest.

Import Prices by Country

The chipped non-coniferous wood import price in the Middle East stood at $X per ton in 2018, increasing by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The level of import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat 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.

Source: IndexBox Platform