GCC: Wood Residues Market 2024

Wood Residues Exports

Exports in GCC

For the third consecutive year, GCC recorded growth in shipments abroad of wood residues, which increased by X% to X cubic meters in 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, wood residues exports amounted to $X in 2020. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X cubic meters, which recorded X% of total exports. It was distantly followed by Saudi Arabia (X cubic meters), committing a X% share of total exports. Qatar (X cubic meters) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the wood residues exports, with a CAGR of X% from 2012 to 2020. Saudi Arabia experienced a relatively flat trend pattern. Qatar (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the countries with the highest levels of exports in 2020, together comprising X% 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 mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per cubic meter in 2020, with an increase of X% against the previous year. Export price indicated strong growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues export price increased by X% against 2014 indices. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Qatar ($X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Wood Residues Imports

Imports in GCC

In 2020, wood residues imports in GCC amounted to X cubic meters, growing by X% against 2019 figures. The total import volume increased at an average annual rate of X% from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X cubic meters in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, wood residues imports rose modestly to $X in 2020. In general, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain momentum.

Imports by Country

In 2020, Oman (X cubic meters), the United Arab Emirates (X cubic meters) and Qatar (X cubic meters) represented the main importer of wood residues in GCC, constituting X% of total import. Bahrain (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%).

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the import price in GCC amounted to $X per cubic meter, falling by X% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2017 to 2020, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 2020, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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