GCC: Wood Dryer Market 2024

Wood Dryer Market Size in GCC

In 2022, the GCC wood dryer market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption, however, recorded a perceptible setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wood Dryer Production in GCC

In value terms, wood dryer production rose to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wood Dryer Exports

Exports in GCC

Wood dryer exports soared to X units in 2022, picking up by X% against the previous year. Overall, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wood dryer exports reached $X in 2022. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X units), together finishing at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the dryers for wood, paper pulp, paper or paperboard exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest wood dryer supplier in GCC.

In the United Arab Emirates, wood dryer exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

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

Wood Dryer Imports

Imports in GCC

In 2022, overseas purchases of dryers for wood, paper pulp, paper or paperboard increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, imports, however, faced a significant decrease. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wood dryer imports reduced modestly to $X in 2022. In general, imports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Qatar represented the key importer of dryers for wood, paper pulp, paper or paperboard in GCC, with the volume of imports amounting to X units, which was near X% of total imports in 2022. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%). The following importers - Kuwait (X units) and Oman (X units) - together made up X% of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dryers for wood, paper pulp, paper or paperboard in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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