Price for Wood; Shuttering for Concrete Constructional Work in Saudi Arabia - 2022

Contents:

  1. Price for Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (CIF) - 2022
  2. Price for Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (FOB) - 2022
  3. Imports of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia
  4. Exports of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia

Price for Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (CIF) - 2022

The average import price for wood; shuttering for concrete constructional work stood at $889 per ton in 2022, approximately mirroring the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, import price attained the peak level of $1,950 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($1,307 per ton), while the price for Russia amounted to $627 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-2.7%), while the prices for the other major suppliers experienced a decline.

Price for Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (FOB) - 2022

In 2021, the average export price for wood; shuttering for concrete constructional work amounted to less than $0.1 per ton, falling by 99.9% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 112%. The export price peaked at $1,759 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($2,033 per ton), while the average price for exports to Jordan ($179 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+106.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia

In 2022, overseas purchases of wood; shuttering for concrete constructional work decreased by 0% to 3.2K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 85% against the previous year. As a result, imports reached the peak of 6.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of wood; shuttering for concrete constructional work stood at $2.8M in 2022. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of $5.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Austria1.92.0N/A1.4-9.7%
Russia0.51.5N/A1.026.0%
China0.61.2N/AN/A100.0%
VietnamN/A0.3N/AN/A0%
Others0.30.6N/A0.410.1%
Total3.45.7N/A2.8-6.3%

Top Suppliers of Wood; Shuttering for Concrete Constructional Work to Saudi Arabia in 2022:

  1. Russia (1.6K tons)
  2. Austria (1.0K tons)

Exports of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia

In 2020, the amount of wood; shuttering for concrete constructional work exported from Saudi Arabia soared to 58 tons, rising by 243% compared with 2019 figures. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of wood; shuttering for concrete constructional work surged to $66K in 2020. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Wood; Shuttering for Concrete Constructional Work in Saudi Arabia (Thousand USD)
COUNTRY20202021CAGR,
2020-2021
United Arab Emirates413292-29.3%
QatarN/A2400%
UkraineN/A1350%
KuwaitN/A28.90%
TurkeyN/A19.40%
Thailand27.916.4-41.2%
JordanN/A1.80%
Germany57.5N/A0%
Oman40.2N/A0%
Bahrain316N/A0%
Others-788.7-733.5-7.0%
Total66.2N/A0%

Top Export Markets for Wood; Shuttering for Concrete Constructional Work from Saudi Arabia in 2022:

  1. United Arab Emirates (246.5 tons)
  2. Qatar (117.9 tons)
  3. Ukraine (107.0 tons)
  4. Turkey (25.6 tons)
  5. Thailand (19.1 tons)
  6. Kuwait (18.8 tons)
  7. Jordan (10.1 tons)

Source: IndexBox Market Intelligence Platform

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