United Arab Emirates: Mdf Market 2024

Mdf Market Size in the United Arab Emirates

In 2021, the MDF market in the United Arab Emirates increased by 5.6% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Mdf Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of MDF were finally on the rise to reach X cubic meters for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed measured growth. The growth pace was the most rapid in 2015 with an increase of 287% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, MDF exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 207% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X cubic meters) was the main destination for MDF exports from the United Arab Emirates, with a approx. 96% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +4.3%.

In value terms, Oman ($X) also remains the key foreign market for MDF exports from the United Arab Emirates.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest.

Export Prices by Country

In 2021, the average MDF export price amounted to $X per cubic meter, increasing by 8.1% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of 9.8% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +0.8% per year.

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Mdf Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of MDF increased by 8.2% to X cubic meters, rising for the second consecutive year after three years of decline. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 34% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, MDF imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X cubic meters) constituted the largest supplier of MDF to the United Arab Emirates, accounting for a 43% share of total imports. Moreover, MDF imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X cubic meters), fivefold. India (X cubic meters) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.0% per year) and India (+43.2% per year).

In value terms, Thailand ($X) constituted the largest supplier of MDF to the United Arab Emirates, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 9.7% share of total imports. It was followed by India, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and India (+37.7% per year).

Import Prices by Country

In 2021, the average MDF import price amounted to $X per cubic meter, with a decrease of -1.5% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24%. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per cubic meter), while the price for Thailand ($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 Malaysia (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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