Middle East: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in the Middle East

In 2023, the Middle Eastern market for wood pellets and other agglomerates increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Wood Pellets And Other Agglomerates in the Middle East

In value terms, wood pellets and other agglomerates production dropped sharply to $X in 2023 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then fell notably in the following year.

Exports of Wood Pellets And Other Agglomerates

Exports in the Middle East

After two years of growth, overseas shipments of wood pellets and other agglomerates decreased by X% to X tons in 2023. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, wood pellets and other agglomerates exports dropped dramatically to $X in 2023. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Turkey was the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Palestine (X tons), achieving a X% share of total exports. Bahrain (X tons) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the wood pellets and other agglomerates exports, with a CAGR of X% from 2012 to 2023. At the same time, Bahrain (X%) and Palestine (X%) displayed positive paces of growth. Turkey (X p.p.), Palestine (X p.p.) and Bahrain (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, Turkey ($X) remains the largest wood pellets and other agglomerates supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Palestine ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Palestine (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Palestine (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Wood Pellets And Other Agglomerates

Imports in the Middle East

After two years of decline, overseas purchases of wood pellets and other agglomerates increased by X% to X tons in 2023. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wood pellets and other agglomerates imports skyrocketed to $X in 2023. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by Palestine (X tons), constituting a X% share of total imports. Israel (X tons), Saudi Arabia (X tons), Kuwait (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%), Israel (X%), Saudi Arabia (X%) and Palestine (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Saudi Arabia (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Palestine (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported wood pellets and other agglomerates in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Palestine, with a X% share.

In Turkey, wood pellets and other agglomerates imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and Palestine (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, 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