MENA: Wood Residues Market 2024

Wood Residues Market Size in MENA

The MENA's wood residues market declined slightly to $X in 2020, leveling off at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2020, the growth of the market failed to regain momentum.

Wood Residues Production in MENA

In value terms, wood residues production declined to $X in 2020 estimated in export price. The total production indicated noticeable growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2020, production growth failed to regain momentum.

Wood Residues Exports

Exports in MENA

In 2020, shipments abroad of wood residues increased by X% to X cubic meters, rising for the sixth year in a row after two years of decline. Total exports indicated a strong increase 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, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, wood residues exports rose markedly to $X in 2020. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked in 2020 and is likely to see gradual growth in the immediate term.

Exports by Country

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

From 2012 to 2020, average annual rates of growth with regard to wood residues exports from Egypt stood at X%. At the same time, Turkey (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2020. Saudi Arabia experienced a relatively flat trend pattern. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of the United Arab Emirates (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest wood residues supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Egypt amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2020, the export price in MENA amounted to $X per cubic meter, approximately mirroring the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while Turkey ($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 MENA

In 2020, imports of wood residues in MENA expanded rapidly to X cubic meters, increasing by X% compared with the year before. 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 pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked in 2020 and is likely to see steady growth in the immediate term.

In value terms, wood residues imports contracted to $X in 2020. Over the period under review, imports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of wood residues imports in 2020 were Lebanon (X cubic meters), Oman (X cubic meters), the United Arab Emirates (X cubic meters), Israel (X cubic meters) and Qatar (X cubic meters), together amounting to X% of total import. The following importers - Bahrain (X cubic meters) and Saudi Arabia (X cubic meters) - each recorded a X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood residues importing markets in MENA were Qatar ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 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 more modest paces of growth.

Import Prices by Country

In 2020, the import price in MENA amounted to $X per cubic meter, which is down by X% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2020, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, 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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