Middle East: Market for Wood Chips, Particles And Residues 2024

Market Size for Wood Chips, Particles And Residues in the Middle East

The Middle Eastern market for wood chips, particles and residues dropped sharply to $X in 2021, shrinking by X% against the previous year. Overall, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Wood Chips, Particles And Residues in the Middle East

In value terms, wood chips, particles and residues production contracted markedly to $X in 2021 estimated in export price. In general, production saw a significant contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Wood Chips, Particles And Residues

Exports in the Middle East

In 2021, the amount of wood chips, particles and residues exported in the Middle East contracted notably to X cubic meters, dropping by X% against the previous year. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded 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 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues exports dropped dramatically to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X cubic meters, which was near X% of total exports in 2021. The following exporters - Lebanon (X cubic meters), Iran (X cubic meters), Turkey (X cubic meters), Bahrain (X cubic meters) and Oman (X cubic meters) - together made up X% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the wood chips, particles and residues exports, with a CAGR of X% from 2012 to 2021. Bahrain (X%), Lebanon (X%), Iran (X%), Oman (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (X p.p.), Oman (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) emerged as the largest wood chips, particles and residues supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Lebanon (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2021, dropping by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per cubic meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 2021, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced more modest paces of growth.

Imports of Wood Chips, Particles And Residues

Imports in the Middle East

For the third consecutive year, the Middle East recorded decline in supplies from abroad of wood chips, particles and residues, which decreased by X% to X cubic meters in 2021. In general, imports faced a sharp decline. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X cubic meters. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood chips, particles and residues imports shrank notably to $X in 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, resulting at X cubic meters, which was approx. X% of total imports in 2021. The United Arab Emirates (X cubic meters) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2021. The United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (X p.p.) displayed negative dynamics.

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

From 2012 to 2021, the average annual growth rate of value in Turkey stood at X%.

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2021, surging by X% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood chips, particles and residues import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Turkey amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Source: IndexBox Platform

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