Middle East: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern market for wood residues, pellets and other agglomerates, when its value decreased by X% to $X. The total consumption indicated a perceptible increase from 2012 to 2022: its value 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. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Wood Residues, Pellets And Other Agglomerates in the Middle East

In value terms, production of wood residues, pellets and other agglomerates reduced modestly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in the Middle East

In 2022, the amount of wood residues, pellets and other agglomerates exported in the Middle East shrank remarkably to X cubic meters, declining by X% against 2021. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X cubic meters in 2021, and then dropped sharply in the following year.

In value terms, exports of wood residues, pellets and other agglomerates expanded slightly to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey prevails in agglomerates structure, resulting at X cubic meters, which was approx. X% of total exports in 2022. Kuwait (X cubic meters), Oman (X cubic meters) and Saudi Arabia (X cubic meters) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest wood residues, pellets and other agglomerates supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, exports of wood residues, pellets and other agglomerates increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices remained at a 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 Turkey ($X per cubic meter), while Oman ($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.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in the Middle East

In 2022, supplies from abroad of wood residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the fourth consecutive year after two years of decline. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2022. Overall, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates agglomerates structure, accounting for X cubic meters, which was near X% of total imports in 2022. Israel (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Oman (X%). Qatar (X cubic meters) and Syrian Arab Republic (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood residues, pellets and other agglomerates imports into Turkey stood at X%. At the same time, Syrian Arab Republic (X%) and Israel (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) and Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wood residues, pellets and other agglomerates in the Middle East, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Israel (X% per year).

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. Over the period under review, the import price showed a mild slump. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per cubic meter in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per cubic meter), while Syrian Arab Republic ($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 Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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