GCC: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in GCC

The GCC coniferous roundwood market skyrocketed to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a mild slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Coniferous Roundwood Production in GCC

In value terms, coniferous roundwood production rose to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Coniferous Roundwood Exports

Exports in GCC

In 2022, the amount of roundwood (coniferous) exported in GCC skyrocketed to X cubic meters, increasing by X% on 2021 figures. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, coniferous roundwood exports soared to $X in 2022. In general, exports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Oman (X cubic meters), generating a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the roundwood (coniferous) exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest coniferous roundwood supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per cubic meter, growing by X% against the previous year. Overall, the export price saw a slight expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably 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 Oman stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Coniferous Roundwood Imports

Imports in GCC

In 2022, purchases abroad of roundwood (coniferous) decreased by X% to X cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of roundwood (coniferous) in GCC, with the volume of imports finishing at X cubic meters, which was approx. X% of total imports in 2022. Oman (X cubic meters) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%).

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) illustrated a downward trend over the same period. Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported roundwood (coniferous) in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, coniferous roundwood imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain 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 Oman ($X per cubic meter), while Kuwait ($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 the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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