United Arab Emirates: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in the United Arab Emirates

In 2022, the industrial roundwood market in the United Arab Emirates increased by X% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, continues to indicate a pronounced reduction. Industrial roundwood consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Industrial Roundwood Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of industrial roundwood decreased by X% to X cubic meters, falling for the fourth consecutive year after three years of growth. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. Over the period under review, exports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X cubic meters) was the main destination for industrial roundwood exports from the United Arab Emirates, with a X% share of total exports. Moreover, industrial roundwood exports to Oman exceeded the volume sent to the second major destination, Qatar (X cubic meters), ninefold. The third position in this ranking was held by Vietnam (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Vietnam (X% per year).

In value terms, Oman ($X) emerged as the key foreign market for industrial roundwood exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with an X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Oman totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, the export price saw a modest increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per cubic meter), while the average price for exports to Iran ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after five years of decline. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X cubic meters. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, industrial roundwood imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest supplier of industrial roundwood to the United Arab Emirates, accounting for a X% share of total imports. Moreover, industrial roundwood imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X cubic meters), twofold. The third position in this ranking was held by Australia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Australia (X% per year).

In value terms, the United States ($X), South Africa ($X) and Cameroon ($X) appeared to be the largest industrial roundwood suppliers to the United Arab Emirates, together accounting for X% of total imports. Australia, Congo, Austria, Democratic Republic of the Congo, Romania, India, Suriname, Ukraine and Germany lagged somewhat behind, together accounting for a further X%.

Suriname, with a CAGR of X%, saw the highest growth rate of 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

The average industrial roundwood import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, the import price showed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per cubic meter), while the price for the United States ($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 Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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