Saudi Arabia: Market for Wood Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Residues, Pellets And Other Agglomerates in Saudi Arabia

In 2022, after two years of growth, there was significant decline in the Saudi market for wood residues, pellets and other agglomerates, when its value decreased by X% to $X. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Wood Residues, Pellets And Other Agglomerates in Saudi Arabia

In value terms, production of wood residues, pellets and other agglomerates contracted to $X in 2022 estimated in export price. Overall, the total production 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. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Exports of Wood Residues, Pellets And Other Agglomerates

Exports from Saudi Arabia

In 2022, the amount of wood residues, pellets and other agglomerates exported from Saudi Arabia dropped significantly to X cubic meters, reducing by X% compared with the previous year's figure. In general, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X cubic meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of wood residues, pellets and other agglomerates reduced remarkably to $X in 2022. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X cubic meters), the United Arab Emirates (X cubic meters) and Kuwait (X cubic meters) were the main destinations of exports of wood residues, pellets and other agglomerates from Saudi Arabia, with a combined X% share of total exports. Jordan and Yemen lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Bahrain ($X) remains the key foreign market for wood residues, pellets and other agglomerates exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average export price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, reducing by X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price 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, export price for wood residues, pellets and other agglomerates increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2022, the 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 ($X per cubic meter), while the average price for exports to the United Arab Emirates ($X per cubic meter) was amongst the lowest.

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

Imports of Wood Residues, Pellets And Other Agglomerates

Imports into Saudi Arabia

In 2022, approx. X cubic meters of wood residues, pellets and other agglomerates were imported into Saudi Arabia; which is down by X% compared with 2021 figures. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of wood residues, pellets and other agglomerates dropped dramatically to $X in 2022. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X cubic meters) constituted the largest wood residues, pellets and other agglomerates supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, imports of wood residues, pellets and other agglomerates from Malaysia exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), sevenfold. Germany (X cubic meters) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual growth rate of volume from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Germany (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of wood residues, pellets and other agglomerates to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average import price for wood residues, pellets and other agglomerates amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average 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 ($X per cubic meter), while the price for Sri Lanka ($X per cubic meter) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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