United Arab Emirates: Roundwood Market 2024

Roundwood Market Size in the United Arab Emirates

In 2022, the roundwood market in the United Arab Emirates increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Roundwood Production in the United Arab Emirates

In value terms, roundwood production soared to $X in 2022 estimated in export price. In general, production, however, faced a sharp contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Roundwood Exports

Exports from the United Arab Emirates

In 2022, after three years of decline, there was significant growth in shipments abroad of roundwood, when their volume increased by X% to X cubic meters. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roundwood exports skyrocketed to $X in 2022. Overall, exports posted a temperate 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 failed to regain momentum.

Exports by Country

China (X cubic meters) was the main destination for roundwood exports from the United Arab Emirates, with a X% share of total exports. Moreover, roundwood exports to China exceeded the volume sent to the second major destination, Saudi Arabia (X cubic meters), threefold. Oman (X cubic meters) ranked third in terms of total exports with a X% share.

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

In value terms, Oman ($X) remains the key foreign market for roundwood exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by China, 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: Saudi Arabia (X% per year) and China (X% per year).

Export Prices by Country

The average roundwood export price stood at less than $X per cubic meter in 2022, reducing by X% against the previous year. In general, the export price, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per cubic meter), while the average price for exports to China (less than $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 Oman (X%), while the prices for the other major destinations experienced a decline.

Roundwood Imports

Imports into the United Arab Emirates

In 2022, the amount of roundwood imported into the United Arab Emirates surged to X cubic meters, with an increase of X% on the previous year. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, roundwood imports soared to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X cubic meters), Namibia (X cubic meters) and the UK (X cubic meters) were the main suppliers of roundwood imports to the United Arab Emirates, together accounting for X% of total imports. Ukraine, Russia, Estonia, Egypt, Serbia, Croatia, South Africa and Bulgaria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of roundwood to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Estonia ($X), with a X% share of total imports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2022, the average roundwood import price amounted to less than $X per cubic meter, waning by X% against the previous year. In general, the import price showed a precipitous descent. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per cubic meter), while the price for Serbia (less than $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 Bulgaria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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