MENA: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in MENA

The MENA's coniferous roundwood market declined to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Coniferous Roundwood Production in MENA

In value terms, coniferous roundwood production rose to $X in 2022 estimated in export price. The total production indicated pronounced 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 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Coniferous Roundwood Exports

Exports in MENA

In 2022, exports of roundwood (coniferous) in MENA soared to X cubic meters, rising by X% against 2021. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, coniferous roundwood exports skyrocketed to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X cubic meters) was the key exporter of roundwood (coniferous), generating X% of total exports. Jordan (X cubic meters) ranks second in terms of the total exports with a X% share, followed by Oman (X%). Lebanon (X cubic meters) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to coniferous roundwood exports from the United Arab Emirates stood at X%. At the same time, Jordan (X%) and Oman (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Lebanon experienced a relatively flat trend pattern. The United Arab Emirates (X p.p.), Jordan (X p.p.) and Lebanon (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, the United Arab Emirates ($X) remains the largest coniferous roundwood supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Jordan ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per cubic meter, rising by X% against the previous year. Overall, the export price showed a measured expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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 ($X per cubic meter), while Lebanon ($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 Oman (X%), while the other leaders experienced a decline in the export price figures.

Coniferous Roundwood Imports

Imports in MENA

In 2022, overseas purchases of roundwood (coniferous) increased by X% to X cubic meters, rising for the second consecutive year after five years of decline. Overall, imports, however, showed a abrupt contraction. Over the period under review, imports reached the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coniferous roundwood imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Egypt (X cubic meters) represented the key importer of roundwood (coniferous), mixing up X% of total imports. Algeria (X cubic meters) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Morocco (X%). The following importers - Oman (X cubic meters) and Kuwait (X cubic meters) - together made up X% of total imports.

Imports into Egypt decreased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%) and Oman (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%), the United Arab Emirates (X%) and Morocco (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Algeria (X p.p.), the United Arab Emirates (X p.p.), Morocco (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) constitutes the largest market for imported roundwood (coniferous) in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

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

Import Prices by Country

The import price in MENA stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the import price enjoyed prominent growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per cubic meter), while Algeria ($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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