Saudi Arabia: Market for Saw Logs And Veneer Logs (Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Coniferous) in Saudi Arabia

The Saudi market for saw logs and veneer logs (coniferous) amounted to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Coniferous) in Saudi Arabia

In value terms, production of saw logs and veneer logs (coniferous) rose to $X in 2023 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Coniferous)

Exports from Saudi Arabia

After two years of decline, overseas shipments of saw logs and veneer logs (coniferous) decreased by X% to X cubic meters in 2022. Over the period under review, exports continue to indicate a significant curtailment. 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, exports of saw logs and veneer logs (coniferous) totaled $X in 2022. In general, exports continue to indicate a abrupt decline. The smallest decline of X% was in 2020. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X cubic meters) and Djibouti (X cubic meters) were the main destinations of exports of saw logs and veneer logs (coniferous) from Saudi Arabia. Moreover, exports of saw logs and veneer logs (coniferous) in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Djibouti, twofold.

From 2015 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) and Djibouti ($X) constituted the largest markets for saw logs and veneer logs (coniferous) exported from Saudi Arabia worldwide.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for saw logs and veneer logs (coniferous) stood at less than $X per cubic meter in 2021, leveling off at the previous year. In general, the export price showed a perceptible expansion. The pace of growth was the most pronounced in 2020 when the average export price decreased by X% against the previous year. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Djibouti ($X per cubic meter), while the average price for exports to the United Arab Emirates stood at $X per cubic meter.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Saw Logs And Veneer Logs (Coniferous)

Imports into Saudi Arabia

Imports of saw logs and veneer logs (coniferous) into Saudi Arabia amounted to X cubic meters in 2021, almost unchanged from the previous year. Over the period under review, imports saw a precipitous decline. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X cubic meters in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of saw logs and veneer logs (coniferous) stood at $X in 2021. Overall, imports recorded a deep contraction. 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 of attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Lithuania (X cubic meters) constituted the largest supplier of saw logs and veneer logs (coniferous) to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of saw logs and veneer logs (coniferous) 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 United States ($X), Spain ($X) and Lithuania ($X) constituted the largest saw logs and veneer logs (coniferous) suppliers to Saudi Arabia, with a combined X% share of total imports. France, Indonesia and China lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for saw logs and veneer logs (coniferous) amounted to $X per cubic meter, approximately equating the previous year. Overall, the import price recorded significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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