United Arab Emirates: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in the United Arab Emirates

The wood-based panels market in the United Arab Emirates reduced remarkably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Wood-based panels consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in the United Arab Emirates

In value terms, wood-based panels production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Wood-Based Panels Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of wood-based panels was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wood-based panels exports skyrocketed to $X in 2022. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X cubic meters), Thailand (X cubic meters) and Iraq (X cubic meters) were the main destinations of wood-based panels exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Thailand ($X) and Saudi Arabia ($X) appeared to be the largest markets for wood-based panels exported from the United Arab Emirates worldwide, together accounting for X% of total exports.

Among the main countries of destination, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Iraq ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

Wood-Based Panels Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of wood-based panels decreased by X% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X cubic meters, and then declined notably in the following year.

In value terms, wood-based panels imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest supplier of wood-based panels to the United Arab Emirates, accounting for a X% share of total imports. Moreover, wood-based panels imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X cubic meters), threefold. India (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average wood-based panels import price amounted to $X per cubic meter, jumping by X% against the previous year. Overall, the import price, however, recorded a slight contraction. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Indonesia ($X per cubic meter), while the price for Thailand ($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 Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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