GCC: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in GCC

In 2022, the GCC oriented strandboard (OSB) market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a slight decrease. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Oriented Strandboard (Osb) Production in GCC

In value terms, oriented strandboard (OSB) production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Oriented Strandboard (Osb) Exports

Exports in GCC

In 2022, exports of oriented strandboard (OSB) in GCC shrank markedly to X cubic meters, which is down by X% on 2021 figures. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, oriented strandboard (OSB) exports soared to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X cubic meters, which was near X% of total exports in 2022. Kuwait (X cubic meters) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the oriented strandboard (OSB) exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest oriented strandboard (OSB) supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($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 stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per cubic meter, jumping by X% against the previous year. Over the period under review, the export price posted tangible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while Kuwait 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%).

Oriented Strandboard (Osb) Imports

Imports in GCC

In 2022, supplies from abroad of oriented strandboard (OSB) decreased by X% to X cubic meters, falling for the second year in a row after two years of growth. In general, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X cubic meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, oriented strandboard (OSB) imports declined dramatically to $X in 2022. Over the period under review, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kuwait was the largest importing country with an import of about X cubic meters, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X cubic meters), committing a X% share of total imports. Qatar (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per cubic meter in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per cubic meter), while the United Arab Emirates ($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 Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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