Market Forecast By Type (Hard Wood, Soft Wood) And Competitive Landscape
|Product Code: ETC345880||Publication Date: Jan 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 62||No. of Figures: 16||No. of Tables: 3|
UAE Sawn Wood Market is projected to grow over the forecast period. The major drivers of this market include rapidly rising urbanization in the country which would propel consumption of sawn wood in the overall economy via constructions in residential and commercial units on the back of its uses in scaffolding, flooring, fencing and furniture. Additionally, the government initiatives are also expected to contribute towards the growth of construction sector and thus would increase the demand for sawn wood in the coming years. However, the market has faced a decline due to the COVID-19 crisis which resulted in supply chain disruptions affecting the imports of the raw material and reducing the overall demand for the product in the market. Furthermore, OPEC+ oil production cuts, lower oil prices, and reduced global oil demand resulted in a severe decline in the UAE Sawn Wood Market Growth over the forecast period.
According to 6Wresearch, the UAE Sawn Wood market revenue is projected to grow at a CAGR of 7.0% during 2022-2028. Sawn Wood market is in growth phase and it is projected to witness sharp growth on the back of increasing construction projects that would boost the market for wood and wood products in the projected period. Therefore, the demand for Sawn Wood is expected to rise in the years ahead. The government’s focus on the expansion of the industrial sector, in line with increasing infrastructural projects. In addition, initiatives to support industrial SMEs by the Ministry of Industry and Advanced Technology would have a significant contribution to the market expansion anticipated for coming years owing to the use of sawn wood in the packaging of industrial goods. Also, there is presence of many substitutes such as bamboo, hemp etc. However, wood provides superior quality in comparison to its substitutes. In general, the UAE Sawn Wood Industry is primarily import driven. Raw material can be sourced from multiple suppliers, thereby not creating a supplier monopoly in the market. Further, Sawn Wood Market in UAE would witness growth during the forecast period owing to increasing investment in infrastructure sector owing to its utility in renovation and home decoration, which would further lead to increasing demand for sawn wood. However, high dependency on imports would act as major restraint to the market growth.
The softwood segment accounted for the highest revenue shares owing to wide applicability in the construction sector. Furthermore, in terms of availability, stable softwood is easily available, and they are fast growers which would propel the growth of the UAE Sawn Wood Industry as they are used for manufacturing furniture, doors, and windows.
The report provides a detailed analysis of the following market segments:
1. What are the factors contributing to the growth of this market?
The major factors contributing to the market growth are favourable government initiatives and rapid urbanization in the country.
2. What are the major constraints hindering the market?
UAE heavily relies on import of sawn wood from Germany and Romania which is a major constraint that hinders the market growth.
3. Which type of wood segment is gaining traction over the forecast period?
The softwood segment is accounted for the highest revenue share on the back of its wide usage in construction.
4. What is the impact of COVID-19 pandemic on UAE Sawn Wood Market?
The UAE Sawn Wood Market market has registered decline during the pandemic owing to disruptions in supply chain and a halt in trading activities across the country.
5. What are the major upcoming trends in the market?
New technology innovations and wood working and sawmill industries would work towards the carbon removals from the manufacturing process of sawn timber and lumber are the major upcoming trends in the market.
6. Is customization available in the market study?
Yes, we can do customization as per your requirements. Please feel free to write to us on email@example.com for any customized or any other requirements.
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights of the Report|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. UAE Sawn Wood Market Overview|
|3.1. UAE Sawn Wood Market Revenues & Volume (2018-2028F)|
|3.2. UAE Sawn Wood Market Industry Life Cycle|
|3.3. UAE Sawn Wood Market Porter's Five Forces Model|
|4. Impact Analysis of Covid-19 on UAE Sawn Wood Market|
|5. UAE Sawn Wood Market Dynamics|
|5.1. Impact Analysis|
|5.2. Market Drivers|
|5.3. Market Restraints|
|6. UAE Sawn Wood Market Trends|
|7. UAE Sawn Wood Market Overview, By Types|
|7.1. UAE Sawn Wood Market Revenue share & Volume share, By Types, (2018-2028F)|
|7.2. UAE Sawn Wood Market Revenues & Volume, By Types, (2018-2028F)|
|7.2.1. UAE Sawn Wood Market Revenues & Volume, By Softwood, (2018-2028F)|
|7.2.2. UAE Sawn Wood Market Revenues & Volume, By Hardwood, (2018-2028F)|
|8. UAE Sawn Wood Market Import-Export Trade Statistics|
|8.1. UAE Sawn Wood Market Export Trade Statistics|
|8.2. UAE Sawn Wood Market Import Trade Statistics|
|9. UAE Sawn Wood Market Key Performance Indicators|
|10. UAE Sawn Wood Market Opportunity Assessment|
|10.1 UAE Sawn Wood Market Opportunity Assessment, By Types, 2028F|
|11. UAE Sawn Wood Market – Competitive Landscape|
|11.1 UAE Sawn Wood Market Revenue Share Ranking, By Companies, 2021|
|11.2 UAE Sawn Wood Market Competitive Benchmarking, By Technical Parameter|
|11.3 UAE Sawn Wood Market Competitive Benchmarking, By Operating Parameter|
|12. Company Profiles|
|12.1. Al Qarib Wood Industry LLC.|
|12.2. Weyerhaeuser Company|
|12.3. Canfor Wood Products Marketing Ltd|
|12.5. Interpro Wood Industries LLC|
|12.6. Binderholz GmbH|
|12.7. Johann Offner Holzindustrie Ges.m.b.H|
|12.8. West Fraser Timber Co. Ltd.|
|12.9. Dunkley Lumber Ltd.|
|12.10. Klausner Holz Thüringen GmbH|
|13. Key Strategic Recommendations|
|List of Figures|
|1. UAE Sawn Wood Market Revenues and Volume, 2018-2028F (USD Million, Thousand Tons)|
|2. Level of Urbanization (2000-2030F)|
|3. UAE Sawn Wood Market Revenue Share, By Types, 2021 & 2028F|
|4. UAE Sawn Wood Market Volume Share, By Types, 2021 & 2028F|
|5. UAE Export Value of Sawn Wood, By Country, 2021, (USD Million)|
|6. Share of Top 3 Export Partners, 2021|
|7. UAE Export Value of Sawn Wood, 2019-2021, (USD Million)|
|8. UAE Import Value of Sawn Wood, By Country, 2021, (USD Million)|
|9. Share of Top 3 Import Partners, 2021|
|10. UAE Import Value of Sawn Wood, 2019-2021, (USD Million)|
|11. Abu Dhabi Residential Supply, 2018-2022E (Thousand Units)|
|12. Dubai Residential Supply, 2018-2022E (Thousand Units)|
|13. UAE Sawn Wood Opportunity Assessment, By Types, 2028F|
|14. UAE Sawn Wood Market Revenue Ranking, By Companies, 2021|
|15. UAE Industrial Sector’s Contribution to GDP, 2021 & 2031F, USD Billion|
|16. UAE E-commerce Sales , 2021 & 2026F, USD Billion|
|List of Tables|
|1. UAE Sawn Wood Market Revenue, By Types, 2021 & 2028F (USD Million)|
|2. UAE Sawn Wood Market Volume, By Types, 2018-2028F (Thousand Tons)|
|3. UAE Upcoming Infrastructure Projects|