Middle East: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in the Middle East

The Middle Eastern oriented strandboard (OSB) market shrank markedly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a abrupt curtailment. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Oriented Strandboard (Osb) Production in the Middle East

In value terms, oriented strandboard (OSB) production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible setback. The most prominent rate of growth was recorded 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 2022, production growth failed to regain momentum.

Oriented Strandboard (Osb) Exports

Exports in the Middle East

Oriented strandboard (OSB) exports declined rapidly to X cubic meters in 2022, shrinking by X% against 2021 figures. In general, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, oriented strandboard (OSB) exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X cubic meters) was the largest exporter of oriented strandboard (OSB), constituting X% of total exports. It was distantly followed by Iran (X cubic meters), creating a X% share of total exports. The United Arab Emirates (X cubic meters) and Israel (X cubic meters) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest oriented strandboard (OSB) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the export price showed a pronounced setback. The growth pace was the most rapid in 2020 when the export price increased by X%. 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 stood at a somewhat 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 ($X per cubic meter), while Iran ($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 mixed trends in the export price figures.

Oriented Strandboard (Osb) Imports

Imports in the Middle East

Oriented strandboard (OSB) imports reduced rapidly to X cubic meters in 2022, with a decrease of X% compared with the previous year. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oriented strandboard (OSB) imports reduced remarkably to $X in 2022. Overall, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey represented the main importer of oriented strandboard (OSB) in the Middle East, with the volume of imports resulting at X cubic meters, which was approx. X% of total imports in 2022. Israel (X cubic meters) took the second position in the ranking, distantly followed by Iraq (X cubic meters) and Kuwait (X cubic meters). All these countries together took near X% share of total imports. The United Arab Emirates (X cubic meters), Lebanon (X cubic meters) and Iran (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to oriented strandboard (OSB) imports into Turkey stood at X%. At the same time, Kuwait (X%), Lebanon (X%), Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Israel (X p.p.), Iraq (X p.p.), Kuwait (X p.p.), Lebanon (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported oriented strandboard (OSB) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per cubic meter, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per cubic meter), while Iran ($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 more modest paces of growth.

Source: IndexBox Platform

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