Middle East: Market for Saw Logs And Veneer Logs 2024

Market Size for Saw Logs And Veneer Logs in the Middle East

The Middle Eastern market for saw logs and veneer logs rose markedly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Saw Logs And Veneer Logs in the Middle East

In value terms, saw logs and veneer logs production expanded remarkably to $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Saw Logs And Veneer Logs

Exports in the Middle East

In 2023, approx. X cubic meters of saw logs and veneer logs were exported in the Middle East; with a decrease of X% against 2022. In general, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2018 with an increase of 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 remained at a lower figure.

In value terms, saw logs and veneer logs exports reduced sharply to $X in 2023. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X cubic meters) was the largest exporter of saw logs and veneer logs, committing X% of total exports. It was distantly followed by Turkey (X cubic meters), Oman (X cubic meters) and Jordan (X cubic meters), together achieving a X% share of total exports. Israel (X cubic meters) held a minor share of total exports.

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

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

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per cubic meter, rising by X% against the previous year. In general, the export price, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Oman ($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 a decline in the export price figures.

Imports of Saw Logs And Veneer Logs

Imports in the Middle East

In 2023, imports of saw logs and veneer logs in the Middle East reduced to X cubic meters, falling by X% on 2022. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2022 with an increase of X%. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, saw logs and veneer logs imports dropped to $X in 2023. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey (X cubic meters) and the United Arab Emirates (X cubic meters) were the major importers of saw logs and veneer logs in 2023, recording approx. X% and X% of total imports, respectively. It was distantly followed by Iran (X cubic meters) and Iraq (X cubic meters), together achieving a X% share of total imports. Oman (X cubic meters) and Kuwait (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported saw logs and veneer logs in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, saw logs and veneer logs imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per cubic meter, approximately equating the previous year. Overall, the import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per cubic meter in 2022, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per cubic meter), while the United Arab Emirates ($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