United Arab Emirates: Market for Coniferous Wood In The Rough 2023

Market Size for Coniferous Wood In The Rough in the United Arab Emirates

The market for coniferous wood in the rough in the United Arab Emirates reduced to $X in 2022, falling by -7.5% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.9% against the previous year. Coniferous wood in the rough consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Coniferous Wood In The Rough in the United Arab Emirates

In value terms, coniferous wood in the rough production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.4% against the previous year. Coniferous wood in the rough production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Coniferous Wood In The Rough

Exports from the United Arab Emirates

In 2022, exports of coniferous wood in the rough from the United Arab Emirates surged to X cubic meters, jumping by 293% compared with 2021. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 823% against the previous year. Over the period under review, the coniferous wood in rough exports attained the maximum at X cubic meters in 2014; afterwards, it flattened through to 2022.

In value terms, coniferous wood in the rough exports soared to $X in 2022. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 573% against the previous year. Over the period under review, the coniferous wood in rough exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bahrain (X cubic meters) was the main destination for coniferous wood in the rough exports from the United Arab Emirates, with a 96% share of total exports. It was followed by Nigeria (X cubic meters), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bahrain totaled +51.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-22.7% per year) and Oman (-15.9% per year).

In value terms, Bahrain ($X) remains the key foreign market for coniferous wood in the rough exports from the United Arab Emirates, comprising 91% of total exports. The second position in the ranking was held by Oman ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bahrain stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-35.2% per year) and Nigeria (-31.6% per year).

Export Prices by Country

In 2022, the average export price for coniferous wood in the rough amounted to $X per cubic meter, with a decrease of -29.9% against the previous year. Overall, the export price recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 an increase of 11%. The export price peaked at $X per cubic meter in 2012; however, from 2013 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 Oman ($X per cubic meter), while the average price for exports to Bahrain ($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 Nigeria (-11.6%), while the prices for the other major destinations experienced a decline.

Imports of Coniferous Wood In The Rough

Imports into the United Arab Emirates

Coniferous wood in the rough imports into the United Arab Emirates shrank markedly to X cubic meters in 2022, with a decrease of -40% compared with 2021 figures. In general, imports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 400%. Over the period under review, coniferous wood in rough imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, coniferous wood in the rough imports contracted notably to $X in 2022. Overall, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 382% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X cubic meters) constituted the largest supplier of coniferous wood in the rough to the United Arab Emirates, with a 46% share of total imports. Moreover, coniferous wood in the rough imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), threefold. Belgium (X cubic meters) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-58.6% per year) and Belgium (-43.3% per year).

In value terms, the largest coniferous wood in the rough suppliers to the United Arab Emirates were Germany ($X), the United States ($X) and Romania ($X), with a combined 59% share of total imports. Belgium, Canada, New Zealand, Austria, Ukraine and Brazil lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Belgium, with a CAGR of -48.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for coniferous wood in the rough stood at $X per cubic meter in 2022, stabilizing at the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of 3.4%. The import price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the price for New Zealand ($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 Canada (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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