Middle East: Sawnwood Market 2024

Sawnwood Market Size in the Middle East

The Middle Eastern sawnwood market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sawnwood Production in the Middle East

In value terms, sawnwood production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports in the Middle East

In 2022, approx. X cubic meters of sawnwood were exported in the Middle East; with a decrease of X% compared with the previous year. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, sawnwood exports reached $X in 2022. In general, exports, however, showed tangible growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey was the key exporter of sawnwood in the Middle East, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2022. The United Arab Emirates (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to sawnwood exports from Turkey stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 cubic meter, with an increase of 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 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Saudi Arabia ($X per cubic meter), while Turkey ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood Imports

Imports in the Middle East

Sawnwood imports dropped remarkably to X cubic meters in 2022, with a decrease of X% compared with the previous year's figure. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sawnwood imports fell to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X cubic meters) and the United Arab Emirates (X cubic meters) represented the major importers of sawnwood in the Middle East, together constituting X% of total imports. It was distantly followed by Israel (X cubic meters), Turkey (X cubic meters), Bahrain (X cubic meters) and Iraq (X cubic meters), together comprising a X% share of total imports. Kuwait (X cubic meters), Yemen (X cubic meters), Qatar (X cubic meters), Oman (X cubic meters), Iran (X cubic meters), Jordan (X cubic meters) and Lebanon (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Turkey, Kuwait, Iraq, Yemen, Qatar, Oman, Jordan, Lebanon, Bahrain and Iran lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Yemen, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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