Saudi Arabia: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Saudi Arabia

In 2022, after five years of growth, there was significant decline in the Saudi coniferous roundwood market, when its value decreased by X% to $X. Overall, consumption faced a abrupt descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in Saudi Arabia

In value terms, coniferous roundwood production reached $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Coniferous Roundwood Exports

Exports from Saudi Arabia

After two years of decline, shipments abroad of roundwood (coniferous) decreased by X% to X cubic meters in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The smallest decline of X% was in 2020. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, coniferous roundwood exports stood at $X in 2022. In general, exports continue to indicate a deep setback. The smallest decline of X% was in 2020. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for coniferous roundwood exports from Saudi Arabia, with a X% share of total exports. Moreover, coniferous roundwood exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bahrain (X cubic meters), eightfold.

From 2015 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for roundwood (coniferous) exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%.

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, almost unchanged from the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 a decrease of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the average price for exports to Bahrain totaled $X per cubic meter.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%).

Coniferous Roundwood Imports

Imports into Saudi Arabia

Coniferous roundwood imports into Saudi Arabia amounted to X cubic meters in 2021, therefore, remained relatively stable against the year before. Over the period under review, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, coniferous roundwood imports amounted to $X in 2021. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Lithuania (X cubic meters) constituted the largest supplier of coniferous roundwood to Saudi Arabia, with a X% share of total imports. Moreover, coniferous roundwood imports from Lithuania exceeded the figures recorded by the second-largest supplier, Indonesia (X cubic meters), more than tenfold. The third position in this ranking was held by the United States (X cubic meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, the largest coniferous roundwood suppliers to Saudi Arabia were the United States ($X), Spain ($X) and Lithuania ($X), with a combined X% share of total imports. France, Indonesia and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2021, the average coniferous roundwood import price amounted to $X per cubic meter, remaining constant against the previous year. Over the period under review, the import price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per cubic meter), while the price for Lithuania ($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 the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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