Oman: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in Oman

The Omani market for coniferous wood in the rough expanded rapidly to $X in 2022, picking up by 12% against the previous year. Over the period under review, consumption continues to indicate significant growth. Coniferous wood in the rough consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Coniferous Wood In The Rough in Oman

In value terms, coniferous wood in the rough production expanded to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 16%. Over the period under review, coniferous wood in rough production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Coniferous Wood In The Rough

Exports from Oman

In 2022, shipments abroad of coniferous wood in the rough decreased by -13.8% to X cubic meters, falling for the seventh consecutive year after four years of growth. In general, exports, however, posted a measured increase. The growth pace was the most rapid in 2015 with an increase of 84% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, coniferous wood in the rough exports dropped modestly to $X in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 99% against the previous year. The exports peaked at $X in 2021, and then fell modestly in the following year.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for coniferous wood in the rough exports from Oman, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +42.4%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for coniferous wood in the rough exports from Oman.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +63.1%.

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, surging by 12% against the previous year. Overall, the export price recorded a remarkable increase. The growth pace was the most rapid in 2013 an increase of 75%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to +56.3% per year.

Imports of Coniferous Wood In The Rough

Imports into Oman

In 2022, supplies from abroad of coniferous wood in the rough was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 194% against the previous year. As a result, imports attained the peak of X cubic meters. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, coniferous wood in the rough imports declined to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 91% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X cubic meters) constituted the largest coniferous wood in the rough supplier to Oman, with a 81% share of total imports. Moreover, coniferous wood in the rough imports from Belgium exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X cubic meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-13.2% per year) and the United States (+7.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of coniferous wood in the rough to Oman, comprising 61% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.7% per year) and the United States (-17.2% per year).

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, declining by -6.4% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the price for Belgium ($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 Austria (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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