GCC: Sawnwood (Non-Coniferous) Market 2024

Sawnwood (Non-Coniferous) Market Size in GCC

In 2022, the GCC sawnwood (non-coniferous) market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value 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 in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Sawnwood (Non-Coniferous) Production in GCC

In value terms, sawnwood (non-coniferous) production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Sawnwood (Non-Coniferous) Exports

Exports in GCC

After two years of growth, overseas shipments of sawnwood (non-coniferous) decreased by X% to X cubic meters in 2022. In general, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X cubic meters in 2021, and then shrank slightly in the following year.

In value terms, sawnwood (non-coniferous) exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X cubic meters) and the United Arab Emirates (X cubic meters) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022.

Among 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.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per cubic meter, picking up by X% against the previous year. Export price indicated pronounced growth 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, sawnwood (non-coniferous) export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat 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 Saudi Arabia amounted to $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%).

Sawnwood (Non-Coniferous) Imports

Imports in GCC

In 2022, approx. X cubic meters of sawnwood (non-coniferous) were imported in GCC; with an increase of X% on 2021 figures. 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 in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters; afterwards, it flattened through to 2022.

In value terms, sawnwood (non-coniferous) imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% 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 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Saudi Arabia represented the main importer of sawnwood (non-coniferous) in GCC, with the volume of imports amounting to X cubic meters, which was approx. X% of total imports in 2022. The United Arab Emirates (X cubic meters) held the second position in the ranking, followed by Bahrain (X cubic meters). All these countries together took approx. X% share of total imports. Kuwait (X cubic meters), Oman (X cubic meters) and Qatar (X cubic meters) followed a long way behind the leaders.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Qatar (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported sawnwood (non-coniferous) in GCC, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per cubic meter, falling by X% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per cubic meter), while Bahrain ($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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