Middle East: Spruce Wood Market 2020

Spruce Wood Market Size in Middle East

The revenue of the spruce wood market in Middle East amounted to $X in 2017, going up by X% against the previous year. The spruce wood consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2008, when market value increased by X% year-to-year. Over the period under review, the spruce wood market attained its peak figure level in 2017, and is likely to continue its growth in the near future.

Spruce Wood Production in Middle East

In 2017, approx. X cubic meters of spruce wood were produced in Middle East; therefore, remained relatively stable against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2015, when the output figure increased by X% against the previous year. Over the period under review, the spruce wood production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Spruce Wood Exports in Middle East

The exports totaled X cubic meters in 2017, going up by X% against the previous year. The spruce wood exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2012, with an increase of X% year-to-year. Over the period under review, the spruce wood exports attained its peak figure volume of X cubic meters in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, spruce wood exports amounted to $X in 2017. The spruce wood exports continue to indicate a prominent growth. The level of exports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Spruce Wood Exports by Country in Middle East

The United Arab Emirates dominates spruce wood exports structure, amounting to X cubic meters, which was near X% of total exports in 2017. It was distantly followed by Turkey (X cubic meters), creating X% share of total exports. Lebanon (X cubic meters) followed a long way behind the leaders.

The United Arab Emirates was also the fastest growing in terms of the spruce wood exports, with a CAGR of +X% from 2007 to 2017. At the same time, Lebanon (+X%) displayed positive paces of growth. By contrast, Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Turkey increased by X% percentage points, while the United Arab Emirates (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest spruce wood supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Lebanon, with a X% share.

In the United Arab Emirates, spruce wood exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and Lebanon (+X% per year).

Spruce Wood Export Prices by Country in Middle East

In 2017, the spruce wood export price in Middle East amounted to $X per cubic meter, approximately reflecting the previous year. The spruce wood export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. In that year, the export prices for spruce wood reached their peak level of $X per cubic meter. From 2009 to 2017, growth of the export prices for spruce wood failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Turkey ($X per cubic meter) and Lebanon ($X per cubic meter), while the United Arab Emirates ($X per cubic meter) and Lebanon ($X per cubic meter) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Spruce Wood Imports in Middle East

The imports amounted to X cubic meters in 2017, waning by -X% against the previous year. The total imports indicated a moderate expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the spruce wood imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Over the period under review, the spruce wood imports reached its peak figure volume of X cubic meters in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, spruce wood imports stood at $X in 2017. The spruce wood imports continue to indicate a mild increase. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Spruce Wood Imports by Country in Middle East

The countries with the highest levels of spruce wood imports in 2017 were Saudi Arabia (X cubic meters), Iran (X cubic meters), the United Arab Emirates (X cubic meters), Turkey (X cubic meters) and Israel (X cubic meters), together resulting at X% of total import. The following importers - Qatar (X cubic meters) and Lebanon (X cubic meters) each finished at a X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Qatar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Turkey, Iran, Lebanon and Qatar, which together accounted for a further X%.

In terms of the main importing countries , Qatar (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Spruce Wood Import Prices by Country in Middle East

In 2017, the spruce wood import price in Middle East amounted to $X per cubic meter, leveling off at the previous year. The spruce wood import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. Over the period under review, the import prices for spruce wood attained its peak figure level of $X per cubic meter in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Lebanon ($X per cubic meter), while Iran ($X per cubic meter) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Lebanon (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform