Middle East: Oriented Strandboard (Osb) Market 2024

Oriented Strandboard (Osb) Market Size in the Middle East

The Middle Eastern oriented strandboard (OSB) market skyrocketed to $X in 2023, growing by X% against the previous year. The total consumption indicated notable growth 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Oriented Strandboard (Osb) Production in the Middle East

In value terms, oriented strandboard (OSB) production amounted to $X in 2023 estimated in export price. In general, production posted a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Oriented Strandboard (Osb) Exports

Exports in the Middle East

In 2023, approx. X cubic meters of oriented strandboard (OSB) were exported in the Middle East; surging by X% against the year before. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, oriented strandboard (OSB) exports dropped to $X in 2023. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the key exporting country with an export of about X cubic meters, which amounted to X% of total exports. It was distantly followed by Iran (X cubic meters), generating a X% share of total exports. The United Arab Emirates (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest oriented strandboard (OSB) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

In Turkey, oriented strandboard (OSB) exports declined by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per cubic meter, dropping by X% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per cubic meter in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Iran ($X per cubic meter), while the United Arab Emirates ($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 Iran (X%), while the other leaders experienced mixed trends in the export price figures.

Oriented Strandboard (Osb) Imports

Imports in the Middle East

In 2023, after five years of decline, there was significant growth in overseas purchases of oriented strandboard (OSB), when their volume increased by X% to X cubic meters. Over the period under review, imports, however, showed a mild descent. Over the period under review, imports reached the maximum at X cubic meters in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, oriented strandboard (OSB) imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a mild decrease. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Turkey dominates imports structure, recording X cubic meters, which was approx. X% of total imports in 2023. It was distantly followed by Israel (X cubic meters), comprising a X% share of total imports. Iraq (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to oriented strandboard (OSB) imports into Turkey stood at X%. At the same time, Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Israel (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported oriented strandboard (OSB) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per cubic meter, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per cubic meter in 2022, and then fell significantly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per cubic meter), while Turkey ($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 Israel (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform