GCC: Preservative-Treated Rough Wood Market 2024

Preservative-Treated Rough Wood Market Size in GCC

The GCC preservative-treated rough wood market rose rapidly to $X in 2023, increasing by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Preservative-Treated Rough Wood Production in GCC

In value terms, preservative-treated rough wood production surged to $X in 2023 estimated in export price. Overall, production continues to indicate a slight increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Preservative-Treated Rough Wood Exports

Exports in GCC

In 2023, overseas shipments of preservative-treated rough wood were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a four-year declining trend. In general, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, preservative-treated rough wood exports soared to $X in 2023. Over the period under review, exports, however, recorded a deep downturn. 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 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United Arab Emirates (X cubic meters) was the main exporter of preservative-treated rough wood, creating X% of total exports. It was distantly followed by Oman (X cubic meters), generating a X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Oman increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest preservative-treated rough wood supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, preservative-treated rough wood exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per cubic meter in 2023, rising by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Preservative-Treated Rough Wood Imports

Imports in GCC

In 2023, the amount of preservative-treated rough wood imported in GCC dropped to X cubic meters, falling by X% on the year before. Overall, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X cubic meters. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, preservative-treated rough wood imports dropped to $X in 2023. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Oman dominates imports structure, resulting at X cubic meters, which was approx. X% of total imports in 2023. Kuwait (X cubic meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%).

Oman was also the fastest-growing in terms of the preservative-treated rough wood imports, with a CAGR of X% from 2012 to 2023. Kuwait (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Oman increased by X percentage points.

In value terms, Oman ($X) constitutes the largest market for imported preservative-treated rough wood in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Oman was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per cubic meter, increasing by X% against the previous year. In general, the import price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per cubic meter. From 2017 to 2023, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform