Middle East: Market for Wood Chips And Particles 2024

Market Size for Wood Chips And Particles in the Middle East

In 2022, the Middle Eastern wood chips and particles market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, faced a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Wood Chips And Particles in the Middle East

In value terms, wood chips and particles production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wood Chips And Particles

Exports in the Middle East

In 2022, shipments abroad of wood chips and particles increased by X% to X cubic meters, rising for the second year in a row after two years of decline. In general, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wood chips and particles exports expanded remarkably to $X in 2022. Overall, exports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X cubic meters, which accounted for X% of total exports. Turkey (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Lebanon (X%).

From 2012 to 2022, average annual rates of growth with regard to wood chips and particles exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and Lebanon increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest wood chips and particles supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports.

In the United Arab Emirates, wood chips and particles exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per cubic meter, shrinking by X% against the previous year. Over the period under review, the export price, however, saw mild growth. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per cubic meter), while Turkey ($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 the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Chips And Particles

Imports in the Middle East

After three years of decline, supplies from abroad of wood chips and particles increased by X% to X cubic meters in 2022. Overall, imports, however, continue to indicate a deep setback. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wood chips and particles imports surged to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X cubic meters, which was approx. X% of total imports in 2022. The United Arab Emirates (X cubic meters) took a little share of total imports.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported wood chips and particles in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

In Turkey, wood chips and particles imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, reducing by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price 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, wood chips and particles import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per cubic meter, and then contracted notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Source: IndexBox Platform

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