Saudi Arabia: Densified Wood Market 2024

Densified Wood Market Size in Saudi Arabia

The Saudi densified wood market dropped sharply to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed a tangible increase. Densified wood consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Densified Wood Production in Saudi Arabia

In value terms, densified wood production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Densified Wood Exports

Exports from Saudi Arabia

In 2022, overseas shipments of densified wood decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, densified wood exports dropped notably to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Bahrain (X tons) was the main destination for densified wood exports from Saudi Arabia, with a X% share of total exports. Moreover, densified wood exports to Bahrain exceeded the volume sent to the second major destination, Kuwait (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled X%.

In value terms, Bahrain ($X) emerged as the key foreign market for densified wood exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain totaled X%.

Export Prices by Country

In 2022, the average densified wood export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced a decline.

Densified Wood Imports

Imports into Saudi Arabia

Densified wood imports into Saudi Arabia fell remarkably to X tons in 2022, with a decrease of X% against the year before. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, densified wood imports contracted dramatically to $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of densified wood to Saudi Arabia, accounting for a X% share of total imports. Moreover, densified wood imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was taken by Switzerland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Switzerland (X% per year).

In value terms, China ($X) constituted the largest supplier of densified wood to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports. It was followed by Switzerland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Switzerland (X% per year).

Import Prices by Country

The average densified wood import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Switzerland ($X per ton), while the price for China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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