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

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the Middle East

In 2022, the Middle Eastern 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. Overall, consumption, however, continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in the Middle East

In value terms, production of wood chips, parts, residues, pellets and other agglomerates totaled $X in 2022 estimated in export price. The total production indicated modest growth 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 most prominent rate of growth was recorded 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 somewhat lower figure.

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

Exports in the Middle East

In 2022, approx. X cubic meters of wood chips, parts, residues, pellets and other agglomerates were exported in the Middle East; surging by X% compared with the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports reached 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 soared to $X in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X cubic meters) represented roughly X% of total exports in 2022.

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. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest wood chips, parts, residues, pellets and other agglomerates supplier in the Middle East.

In Turkey, exports of wood chips, parts, residues, pellets and other agglomerates expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per cubic meter in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a mild curtailment. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

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

Imports in the Middle East

In 2022, overseas purchases 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. Overall, imports, however, recorded a deep setback. The volume of import peaked at X cubic meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decline. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in agglomerates structure, accounting for X cubic meters, which was approx. 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.

From 2012 to 2022, average annual rates of growth with regard to wood chips, parts, residues, pellets and other agglomerates imports into Turkey stood at X%. 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 the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2022, the share of Oman, the United Arab Emirates, Israel, Palestine and Lebanon increased by X, X, X, X and X percentage points, respectively.

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

In Turkey, imports of wood chips, parts, residues, pellets and other agglomerates shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Import price indicated a notable 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 pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain 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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