GCC: Market for Wood Concrete Shuttering, Shingles and Shakes 2024

Market Size for Wood Concrete Shuttering, Shingles and Shakes in GCC

The GCC market for wood concrete shuttering, shingles and shakes skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption posted strong growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Concrete Shuttering, Shingles and Shakes in GCC

In value terms, wood concrete shuttering and shingle production expanded markedly to $X in 2022 estimated in export price. Overall, production showed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Wood Concrete Shuttering, Shingles and Shakes

Exports in GCC

In 2022, the amount of wood concrete shuttering, shingles and shakes exported in GCC contracted remarkably to X tons, which is down by X% compared with the previous year. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wood concrete shuttering and shingle exports shrank sharply to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports. Bahrain (X tons), Oman (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. From 2012 to 2022, the share of Saudi Arabia 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, the United Arab Emirates ($X) remains the largest wood concrete shuttering and shingle supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while Bahrain ($X per ton) 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.

Imports of Wood Concrete Shuttering, Shingles and Shakes

Imports in GCC

In 2022, supplies from abroad of wood concrete shuttering, shingles and shakes increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, wood concrete shuttering and shingle imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Saudi Arabia (X tons), Qatar (X tons), Kuwait (X tons) and Oman (X tons), together committing a X% share of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wood concrete shuttering, shingles and shakes in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a mild decline. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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