MENA: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in MENA

In 2022, the MENA's market for wood chips, parts, residues, pellets and other agglomerates increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in MENA

In value terms, production of wood chips, parts, residues, pellets and other agglomerates reached $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports in MENA

Exports of wood chips, parts, residues, pellets and other agglomerates surged to X cubic meters in 2022, with an increase of X% compared with 2021 figures. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates surged to $X in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in agglomerates structure, resulting at X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Egypt (X cubic meters), comprising a X% share of total exports.

Turkey was also the fastest-growing in terms of the wood chips, parts, residues, pellets and other agglomerates exports, with a CAGR of X% from 2012 to 2022. Egypt experienced a relatively flat trend pattern. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per cubic meter, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per cubic meter), while Turkey totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%).

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports in MENA

In 2022, supplies from abroad of wood chips, parts, residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the second year in a row after five years of decline. Over the period under review, imports, however, faced a deep reduction. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports of attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in agglomerates structure, reaching X cubic meters, which was near X% of total imports in 2022. The following importers - Oman (X cubic meters), the United Arab Emirates (X cubic meters), Israel (X cubic meters), Palestine (X cubic meters) and Lebanon (X cubic meters) - together made up X% of total imports.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Palestine (X%), Lebanon (X%), Israel (X%) and Oman (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Oman (X p.p.), the United Arab Emirates (X p.p.), Israel (X p.p.), Palestine (X p.p.) and Lebanon (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported wood chips, parts, residues, pellets and other agglomerates in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Import Prices by Country

The import price in MENA stood at $X per cubic meter in 2022, surging by X% against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wood chips, parts, residues, pellets and other agglomerates increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

Source: IndexBox Platform

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