Kuwait: Wood Residues Market 2024

Wood Residues Market Size in Kuwait

In 2020, the Kuwaiti wood residues market decreased by X% to $X, falling for the seventh consecutive year after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market remained at a lower figure.

Wood Residues Exports

Exports from Kuwait

For the ninth consecutive year, Kuwait recorded growth in overseas shipments of wood residues, which increased by X% to X cubic meters in 2020. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2020 and are likely to see steady growth in years to come.

In value terms, wood residues exports reached $X in 2020. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2020 and are likely to continue growth in years to come.

Exports by Country

Germany (X cubic meters), Ukraine (X cubic meters) and Austria (X cubic meters) were the main destinations of wood residues exports from Kuwait, together accounting for X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Ukraine ($X) were the largest markets for wood residues exported from Kuwait worldwide, together comprising X% of total exports. Canada, the Netherlands, Austria, Poland, France, Norway, the Czech Republic, Croatia and Belarus lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wood residues export price amounted to $X per cubic meter, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Mauritius (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (X%), while the prices for the other major destinations experienced a decline.

Wood Residues Imports

Imports into Kuwait

In 2020, purchases abroad of wood residues decreased by X% to X cubic meters, falling for the seventh year in a row after two years of growth. In general, total imports indicated strong growth from 2012 to 2020: its volume 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, imports decreased by X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2014 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, wood residues imports dropped slightly to $X in 2020. Overall, imports recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Belgium (X cubic meters) were the main suppliers of wood residues imports to Kuwait, with a combined X% share of total imports. Germany, Italy, Norway, Canada, Sweden, the Netherlands, Poland, Lithuania, the United States and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues suppliers to Kuwait were France ($X), Austria ($X) and Germany ($X), with a combined X% share of total imports. Belgium, the United States, Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Sweden and Finland lagged somewhat behind, together comprising a further X%.

Norway, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood residues import price stood at $X per cubic meter in 2020, therefore, remained relatively stable against the previous year. Overall, the import price saw a abrupt setback. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Canada ($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 Lithuania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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