GCC: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in GCC

In 2022, the GCC industrial roundwood market 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, recorded a pronounced decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Industrial Roundwood Production in GCC

In value terms, industrial roundwood production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep slump. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Industrial Roundwood Exports

Exports in GCC

In 2022, the amount of industrial roundwood exported in GCC reduced to X cubic meters, waning by X% compared with 2021 figures. Overall, exports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X cubic meters) represented the major exporter of industrial roundwood, creating X% of total exports. It was distantly followed by Oman (X cubic meters), achieving a X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of industrial roundwood. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest industrial roundwood supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The level of export peaked at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Oman totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Industrial Roundwood Imports

Imports in GCC

In 2022, purchases abroad of industrial roundwood increased by X% to X cubic meters, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained 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 soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Oman (X cubic meters) and Kuwait (X cubic meters), together making up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to industrial roundwood imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial roundwood in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per cubic meter in 2022, jumping by X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per cubic meter), while Kuwait ($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 the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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