United Arab Emirates: Wood Pellets Market 2023

Wood Pellets Market Size in the United Arab Emirates

For the third year in a row, the wood pellets market in the United Arab Emirates recorded decline in sales value, which decreased by -51.5% to $X in 2021. Overall, consumption, however, saw a significant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Wood Pellets Exports

Exports from the United Arab Emirates

In 2021, after five years of decline, there was significant growth in shipments abroad of wood pellets, when their volume increased by 100% to X tons. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 978%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wood pellets exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a sharp downturn. The pace of growth appeared the most rapid in 2015 with an increase of 836% 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 somewhat lower figure.

Exports by Country

Pakistan (X tons), Oman (X tons) and India (X tons) were the main destinations of wood pellets exports from the United Arab Emirates, together comprising 81% of total exports. These countries were followed by Comoros, Tajikistan, Bahrain and Kuwait, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were in Bahrain (with a CAGR of +17.8%), while shipments for the other leaders experienced a decline.

In value terms, Oman ($X), Bahrain ($X) and Comoros ($X) were the largest markets for wood pellets exported from the United Arab Emirates worldwide, together accounting for 58% of total exports.

In terms of the main countries of destination, Bahrain, with a CAGR of +45.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 104%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Pellets Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of wood pellets decreased by -53.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by 319%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, wood pellets imports dropped remarkably to $X in 2021. In general, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 749% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Pakistan (X tons) and Indonesia (X tons) were the main suppliers of wood pellets imports to the United Arab Emirates, with a combined 67% share of total imports. Spain, the United States, Bangladesh, China, Thailand, Lithuania, Denmark, Italy, Malaysia and South Africa lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of wood pellets to the United Arab Emirates, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports. It was followed by Bangladesh, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.0% per year) and Bangladesh (-44.3% per year).

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2021, increasing by 62% against the previous year. Overall, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of 102%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+58.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :