GCC: Sawnwood Market 2024

Sawnwood Market Size in GCC

The GCC sawnwood market reduced to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sawnwood Production in GCC

In value terms, sawnwood production fell to $X in 2022 estimated in export price. Over the period under review, production, however, faced a sharp downturn. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sawnwood Exports

Exports in GCC

In 2022, approx. X cubic meters of sawnwood were exported in GCC; with a decrease of X% against 2021. In general, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sawnwood exports surged to $X in 2022. Overall, exports, however, posted a strong increase. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X cubic meters) represented the largest exporter of sawnwood, creating X% of total exports. It was distantly followed by Saudi Arabia (X cubic meters), committing a X% share of total exports. Oman (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest sawnwood supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of X%, saw 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 export price in GCC stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Overall, the export price showed tangible growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Oman ($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 Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Sawnwood Imports

Imports in GCC

In 2022, approx. X cubic meters of sawnwood were imported in GCC; waning by X% against the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sawnwood imports shrank to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X cubic meters) and the United Arab Emirates (X cubic meters) dominates imports structure, together generating X% of total imports. Bahrain (X cubic meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%), Qatar (X%) and Oman (X%).

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Qatar, Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per cubic meter, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Kuwait ($X per cubic meter), while Bahrain ($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 Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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