United Arab Emirates: Particle Board Market 2024

Particle Board Market Size in the United Arab Emirates

The particle board market in the United Arab Emirates fell notably to $X in 2023, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Particle Board Exports

Exports from the United Arab Emirates

In 2023, approx. X cubic meters of particle board were exported from the United Arab Emirates; increasing by X% against 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X cubic meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, particle board exports soared to $X in 2023. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X cubic meters), Singapore (X cubic meters) and Malaysia (X cubic meters) were the main destinations of particle board exports from the United Arab Emirates, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the key foreign market for particle board exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Singapore (X% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2023, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per cubic meter), while the average price for exports to Tanzania ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Particle Board Imports

Imports into the United Arab Emirates

In 2023, approx. X cubic meters of particle board were imported into the United Arab Emirates; waning by X% compared with the previous year. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X cubic meters in 2022, and then fell in the following year.

In value terms, particle board imports fell to $X in 2023. In general, total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, China (X cubic meters) constituted the largest supplier of particle board to the United Arab Emirates, accounting for a X% share of total imports. Moreover, particle board imports from China exceeded the figures recorded by the second-largest supplier, Romania (X cubic meters), twofold. Spain (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Spain (X% per year).

In value terms, China ($X), Romania ($X) and Spain ($X) were the largest particle board suppliers to the United Arab Emirates, with a combined X% share of total imports.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average particle board import price amounted to $X per cubic meter, flattening at the previous year. Overall, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Thailand ($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 Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform