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

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

In 2022, the MENA's market for wood residues, pellets and other agglomerates decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated a temperate increase 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. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Wood Residues, Pellets And Other Agglomerates in MENA

In value terms, production of wood residues, pellets and other agglomerates rose slightly to $X in 2022 estimated in export price. The total production indicated a temperate 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 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth failed to regain momentum.

Exports of Wood Residues, Pellets And Other Agglomerates

Exports in MENA

In 2022, shipments abroad of wood residues, pellets and other agglomerates increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of wood residues, pellets and other agglomerates surged to $X in 2022. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of around X cubic meters, which accounted for X% of total exports. Egypt (X cubic meters) held the second position in the ranking, distantly followed by Tunisia (X cubic meters) and Morocco (X cubic meters). All these countries together took approx. X% share of total exports. Kuwait (X cubic meters) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Tunisia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Morocco and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Kuwait, with a CAGR of X%, 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, with an increase of X% against the previous year. Export price indicated mild growth 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, export price for wood residues, pellets and other agglomerates increased by X% against 2020 indices. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2013; however, from 2014 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 Tunisia ($X per cubic meter), while Kuwait ($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 Tunisia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Residues, Pellets And Other Agglomerates

Imports in MENA

In 2022, approx. X cubic meters of wood residues, pellets and other agglomerates were imported in MENA; jumping by X% against the previous year. Over the period under review, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wood residues, pellets and other agglomerates surged to $X in 2022. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates agglomerates structure, resulting at X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Israel (X cubic meters) and Oman (X cubic meters), together creating an X% share of total imports. Qatar (X cubic meters) and Syrian Arab Republic (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wood residues, pellets and other agglomerates imports into Turkey stood at X%. At the same time, Syrian Arab Republic (X%) and Israel (X%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, Qatar (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Oman saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, imports of wood residues, pellets and other agglomerates expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the import price showed a slight setback. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :