Middle East: Veneer Sheets Market 2024

Veneer Sheets Market Size in the Middle East

The Middle Eastern veneer sheets market was finally on the rise to reach $X in 2022, after five years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Veneer Sheets Production in the Middle East

In value terms, veneer sheets production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable decrease. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Veneer Sheets Exports

Exports in the Middle East

In 2022, shipments abroad of veneer sheets increased by X% to X cubic meters, rising for the sixth consecutive year after two years of decline. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, veneer sheets exports soared to $X in 2022. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, finishing at X cubic meters, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X cubic meters), achieving an X% share of total exports. Palestine (X cubic meters) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to veneer sheets exports from Turkey stood at X%. 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 the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest veneer sheets supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($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

In 2022, the export price in the Middle East amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price, however, showed a mild decrease. Over the period under review, the export prices reached the maximum at $X per cubic meter in 2017; however, from 2018 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 ($X per cubic meter), while Palestine ($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 the Middle East

In 2022, purchases abroad of veneer sheets increased by X% to X cubic meters, rising for the third year in a row after three years of decline. Overall, imports, however, continue to indicate a perceptible shrinkage. The volume of import peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, veneer sheets imports soared to $X in 2022. Over the period under review, imports showed 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 prevails in imports structure, accounting for X cubic meters, which was near X% of total imports in 2022. The United Arab Emirates (X cubic meters) ranks second in terms of the total imports with an X% share, followed by Palestine (X%). Iran (X cubic meters), Yemen (X cubic meters) and Israel (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%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Palestine experienced a relatively flat trend pattern. By contrast, Yemen (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Iran increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported veneer sheets in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with an 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: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 Israel ($X per cubic meter), while Turkey ($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 Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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