Saudi Arabia - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Saudi Arabia - 2021
Contents:
- MDF Price in Saudi Arabia (CIF) - 2022
- MDF Price in Saudi Arabia (FOB) - 2022
- MDF Imports in Saudi Arabia
- MDF Exports in Saudi Arabia
MDF Price in Saudi Arabia (CIF) - 2022
The average MDF import price stood at $294 per cubic meter in 2022, dropping by -10.5% against the previous year. Over the period under review, the import price saw a mild slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% against the previous year. The import price peaked at $351 per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($469 per cubic meter), while the price for Indonesia ($248 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.8%), while the prices for the other major suppliers experienced a decline.
MDF Price in Saudi Arabia (FOB) - 2022
The average MDF export price stood at $362 per cubic meter in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. As a result, the export price reached the peak level of $798 per cubic meter. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($475 per cubic meter), while the average price for exports to Bahrain ($300 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.8%), while the prices for the other major destinations experienced a decline.
MDF Imports in Saudi Arabia
In 2022, purchases abroad of MDF decreased by -6.5% to 807K cubic meters, falling for the second year in a row after two years of growth. Overall, imports saw a slight slump. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, imports reached the peak of 941K cubic meters. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, MDF imports shrank remarkably to $237M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports attained the peak of $283M, and then contracted significantly in the following year.
| Import of MDF in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 134 | 154 | 188 | 148 | 3.4% |
| China | 34.9 | 30.8 | 55.3 | 47.3 | 10.7% |
| Turkey | 7.6 | 6.7 | N/A | 6.8 | -3.6% |
| Indonesia | 9.0 | 10.5 | 3.8 | 3.6 | -26.3% |
| Others | 39.2 | 45.6 | 35.8 | 31.7 | -6.8% |
| Total | 225 | 247 | 283 | 237 | 1.7% |
Top Suppliers of MDF to Saudi Arabia in 2022:
- Thailand (526.9K cubic meters)
- China (176.2K cubic meters)
- Turkey (14.5K cubic meters)
- Indonesia (14.4K cubic meters)
MDF Exports in Saudi Arabia
In 2022, the amount of MDF exported from Saudi Arabia contracted to 5.1K cubic meters, falling by -13.8% compared with the previous year. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of 5.9K cubic meters, and then contracted in the following year.
In value terms, MDF exports dropped to $1.9M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports attained the peak of $2.2M, and then dropped in the following year.
| Export of MDF in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahrain | 148 | 178 | 937 | 904 | 82.8% |
| Jordan | 689 | 932 | 441 | 864 | 7.8% |
| United Arab Emirates | 123 | 23.9 | 80.7 | 81.4 | -12.9% |
| Kuwait | 487 | N/A | 247 | N/A | -28.8% |
| Oman | N/A | 254 | 1.2 | N/A | -99.5% |
| Others | 133 | 161 | 447 | 1.9 | -75.7% |
| Total | 1,580 | 1,549 | 2,153 | 1,851 | 5.4% |
Top Export Markets for MDF from Saudi Arabia in 2022:
- Bahrain (3.0K cubic meters)
- Jordan (1.8K cubic meters)
- United Arab Emirates (0.3K cubic meters)
This report provides an in-depth analysis of the mdf market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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