MENA: Veneer Sheets Market 2024

Veneer Sheets Market Size in MENA

In 2022, the MENA's veneer sheets market increased by X% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Veneer Sheets Production in MENA

In value terms, veneer sheets production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Veneer Sheets Exports

Exports in MENA

In 2022, overseas shipments of veneer sheets increased by X% to X cubic meters, rising for the sixth year in a row after two years of decline. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, veneer sheets exports skyrocketed to $X in 2022. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X cubic meters), making up an X% share of total exports. Palestine (X cubic meters) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest veneer sheets supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

In Turkey, veneer sheets exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Palestine (X% per year).

Export Prices by Country

The export price in MENA stood at $X per cubic meter in 2022, surging by X% against the previous year. Overall, the export price, however, saw a slight descent. The level of export peaked at $X per cubic meter in 2017; however, from 2018 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 the United Arab Emirates ($X per cubic meter), while Palestine ($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 (X%), while the other leaders experienced a decline in the export price figures.

Veneer Sheets Imports

Imports in MENA

In 2022, overseas purchases of veneer sheets increased by X% to X cubic meters, rising for the second year in a row after four years of decline. Over the period under review, imports, however, showed a slight contraction. Over the period under review, imports attained the maximum at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, veneer sheets imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importing country with an import of about X cubic meters, which recorded X% of total imports. It was distantly followed by Morocco (X cubic meters), the United Arab Emirates (X cubic meters) and Egypt (X cubic meters), together generating a X% share of total imports. Palestine (X cubic meters), Iran (X cubic meters) and Yemen (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to veneer sheets imports into Turkey stood at X%. At the same time, Iran (X%), Morocco (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Palestine experienced a relatively flat trend pattern. By contrast, Yemen (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Morocco (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Morocco ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Morocco, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per cubic meter, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per cubic meter), while Turkey ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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