Middle East: Wood Residues Market 2024

Wood Residues Market Size in the Middle East

The Middle Eastern wood residues market declined to $X in 2020, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Wood Residues Production in the Middle East

In value terms, wood residues production fell slightly to $X in 2020 estimated in export price. The total production indicated a remarkable increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2020, production growth failed to regain momentum.

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Wood Residues Exports

Exports in the Middle East

In 2020, shipments abroad of wood residues increased by X% to X cubic meters, rising for the fifth consecutive year after three years of decline. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, wood residues exports rose sharply to $X in 2020. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the largest exporter of wood residues in the Middle East, with the volume of exports finishing at X cubic meters, which was approx. X% of total exports in 2020. The United Arab Emirates (X cubic meters) held the second position in the ranking, distantly followed by Saudi Arabia (X cubic meters). All these countries together held approx. X% share of total exports. Lebanon (X cubic meters) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the wood residues exports, with a CAGR of X% from 2012 to 2020. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Saudi Arabia and Lebanon experienced a relatively flat trend pattern. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Lebanon, Saudi Arabia and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2020, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2020, the export price in the Middle East amounted to $X per cubic meter, remaining stable against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Lebanon ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, 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.

Wood Residues Imports

Imports in the Middle East

Wood residues imports stood at X cubic meters in 2020, picking up by X% against 2019 figures. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, wood residues imports dropped slightly to $X in 2020. Over the period under review, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of wood residues imports in 2020 were Lebanon (X cubic meters), Oman (X cubic meters), the United Arab Emirates (X cubic meters), Israel (X cubic meters) and Qatar (X cubic meters), together finishing at X% of total import. The following importers - Bahrain (X cubic meters) and Saudi Arabia (X cubic meters) - each accounted for a X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest growth rate of 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 2020, which is down by X% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2020, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Oman ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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