MENA: Industrial Roundwood (Coniferous) Market 2024

Industrial Roundwood (Coniferous) Market Size in MENA

The MENA's industrial roundwood (coniferous) market declined to $X in 2022, with a decrease of -6.5% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Industrial Roundwood (Coniferous) Production in MENA

In value terms, industrial roundwood (coniferous) production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% 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 2015 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Industrial Roundwood (Coniferous) Exports

Exports in MENA

Industrial roundwood (coniferous) exports shrank rapidly to X cubic meters in 2022, declining by -45.6% compared with the previous year. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 185% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial roundwood (coniferous) exports contracted remarkably to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 355% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan was the main exporting country with an export of about X cubic meters, which recorded 67% of total exports. It was distantly followed by Egypt (X cubic meters) and the United Arab Emirates (X cubic meters), together comprising a 21% share of total exports. Morocco (X cubic meters), Bahrain (X cubic meters), Palestine (X cubic meters) and Oman (X cubic meters) followed a long way behind the leaders.

Jordan was also the fastest-growing in terms of the industrial roundwood (coniferous) exports, with a CAGR of +62.1% from 2012 to 2022. At the same time, Bahrain (+21.2%) displayed positive paces of growth. Palestine experienced a relatively flat trend pattern. By contrast, Oman (-8.4%), Egypt (-11.5%), the United Arab Emirates (-19.5%) and Morocco (-24.7%) illustrated a downward trend over the same period. While the share of Jordan (+67 p.p.), Bahrain (+3.7 p.p.) and Palestine (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (-1.6 p.p.), the United Arab Emirates (-16.9 p.p.) and Morocco (-18.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X), Egypt ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

Among the main exporting countries, Jordan, with a CAGR of +32.9%, saw the highest growth rate of 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

In 2022, the export price in MENA amounted to $X per cubic meter, jumping by 27% against the previous year. Over the period under review, the export price, however, saw a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 60%. The level of export peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per cubic meter), while Oman ($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 Egypt (+22.7%), while the other leaders experienced mixed trends in the export price figures.

Industrial Roundwood (Coniferous) Imports

Imports in MENA

In 2022, purchases abroad of industrial roundwood (coniferous) increased by 95% to X cubic meters, rising for the second year in a row after five years of decline. In general, imports, however, saw a deep reduction. The volume of import peaked at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood (coniferous) imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Egypt represented the main importing country with an import of around X cubic meters, which recorded 43% of total imports. The United Arab Emirates (X cubic meters) took the second position in the ranking, distantly followed by Algeria (X cubic meters) and Morocco (X cubic meters). All these countries together held near 48% share of total imports. The following importers - Israel (X cubic meters) and Lebanon (X cubic meters) - each reached a 5.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Algeria (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported industrial roundwood (coniferous) in MENA, comprising 51% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total imports. It was followed by Algeria, with an 8.2% share.

In Egypt, industrial roundwood (coniferous) imports declined by an average annual rate of -7.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.8% per year) and Algeria (+55.5% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per cubic meter, rising by 9.8% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial roundwood (coniferous) import price increased by +27.8% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 59%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per cubic meter), while Algeria ($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 the United Arab Emirates (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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