Report

Middle East & North Africa Timber Market Repo

180 pages Oct 2024
Middle East & North Africa Tim

Middle East & North Africa Timber Market Report and Forecast 2032

Middle East & North Africa Timber Market...

  • Consumer Goods & Services
  • Pages : 180
  • Oct 2024
  • Report Format :  

    Forbes Logo Forbes Logo Forbes Logo

The Middle East & North Africa Timber Market Insights & Analysis

The Middle East & North Africa Timber Market is anticipated to register a CAGR of around 9.2% during the forecast period, i.e., 2025-32. The rising infrastructure projects, regional construction booms, and growing demand for sustainable building materials all impact the Middle East & North Africa Timber Market, which is a dynamic & changing industry. The building, interior design sectors, and furniture in this area heavily rely on timber goods, which include hardwood, engineered wood, and softwood. The need for wood has slightly increased recently due to several programs implemented by the governments of several nations, such as the UAE, Saudi Arabia, and Egypt, to enhance their capacities for commercial, infrastructure purposes, and residential.

Furthermore, because of its lightweight nature, timber significantly reduces the strain on the housing structure, making large-scale residential developments in the area a key source of demand for the material. As a result, the rising number of new homes being built in the area would upsurge the need for wood in the years to come. Moreover, it is anticipated that the Middle East & North African economies will become increasingly inclined to support the development of commercial structures like hotels, restaurants, and other leisure & entertainment areas, boosting the region’s domestic tourism industry. Therefore, it is predicted that the vast usage of wood in building construction & furnishing would present MENA timber suppliers with a profitable growth opportunity during 2025-32.

Middle East & North Africa Timber Market FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2025-2032): 9.2%

  • Market Value YYYY: USD XX Billion/Million

  • Fastest Growing Market: UAE

  • Major Players: Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others

The Middle East & North Africa Timber Market Dynamics

  • Growing Commercial Building Construction to Elevate Timber Demand

In recent times, there has been a significant surge in the need for timber due to the construction of commercial buildings, such as 5- & 7-star hotels & resorts, in several nations like the UAE, Oman, Egypt, Saudi Arabia, etc. The Middle East & North America region now has a greater need for it due to its essential usage in building construction, including doors, windows, and others. Also, the development of commercial structures like shopping centers, resorts, opulent hotels, etc., has been pushed by the surrounding countries’ increasing tourism.

Additionally, the governments of both nations have played a significant role in promoting tourism through the construction of leisure centers, and several other initiatives. They have also renovated & preserved historical monuments & cultural heritage sites. Thus, it is projected that during the forthcoming years, the region’s expanding commercial building development activity would fuel the demand, further driving the Middle East & North Africa Timber Market share.


Middle East & North Africa Timber Market Report and Forecast 2032

  • Availability of Timber Alternatives to Create Limitations in the Industry Growth

Owing to timber’s essential usage in building construction activities, like the fact that wood is inherently anti-corrosive, unlike steel, timber has historically been in high demand across the region. The industry has been limited, though, by various options, like ceramic luxury vinyl planks, wood-look tiles, etc. Consumers are increasingly choosing to employ flooring alternatives to wood floors, like waterproof wood impression tiles, laminated flooring, cork flooring, and others, owing to their rising preference for aesthetically appealing interiors. These flooring options have also been witnessed as more affordable than timber flooring framework. Also, in light of this, the availability of substitutes would hinder the Middle East & North Africa Timber Market expansion in the projected years.

The Middle East & North Africa Timber Market Segment-wise Analysis

By Product Type:

  • Softwoods
  • Hardwoods
  • Engineered Wood

In the Middle East & North Africa Timber Market, Engineered Wood gained a substantial market share during 2018-22. Also, it is presumed that the segment would witness traction in the forecast years. Of all the engineered woods, plywood & oriented strand board (OSD) have become more popular in the industry because of their several advantages, which include durability, increased strength, and affordability.

Raw hardwood & softwood cannot be used as interior or exterior furnishing materials in homes or businesses due to the region’s year-round heat & humidity, which causes the woods to expand & contract when exposed to moisture. Additionally, plywood’s strong moisture resistance has led to a sharp upsurge in the demand for the product throughout the MENA region, especially in nations, like Saudi Arabia, UAE, Egypt, and Qatar.

By Application:

  • Cable Drums
  • Window Frames
  • Furniture
  • Pallets & Boxes
  • Others (Skids, Crane Mats, etc.)

During the past years, Furniture & Window Frames both have captured a significant share of the Middle East & North Africa Timber Market. Contributing to the revenue surge of MENA timber providers were the region’s well-known furniture manufacturing companies as well as the expanding wood carving industry. The massive development potential was also created for the timber suppliers in the MENA by the citizens’ increased spending power & the rising variety of reasonably priced furniture products made of hardwood, softwoods, and engineered woods that met their personalized demands.

Regional Projection of the Middle East & North Africa Timber Industry

The Middle East & North Africa Timber Market is geographically diversified, covering:

  • The UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Iran
  • Iraq
  • Yemen
  • Jordan
  • Israel
  • Syria
  • Lebanon
  • Egypt
  • Rest of the Middle East & Africa

The UAE, out of all the nations witnessed the biggest surge in the Middle East & North Africa Timber Market by accounting for the highest market share. To suit a variety of demands, there was an upstanding market requirement for timber- & wood-based furniture in public & private, single-story and multi-story buildings as construction activities increased. The need for wood & related materials for hotel & resort building & furniture was further increased by the UAE Timber Market’s tremendous growth.

What Does Our Middle East & North Africa Timber Market Research Study Entail?

  • The Middle East & North Africa Timber Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • The Middle East & North Africa Timber Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.


Table of Contents

Companies Mentioned

  • Interpro Wood Industries LLC 
  • International Timber Company - ITCO 
  • Al Qarib Wood Industry LLC
  • Starwood Orman Urunleri Sanayi A.S. 
  • ARA Timber
  • Danzer
  • Others

Frequently Asked Questions

   A. The Middle East & North Africa Timber Market is anticipated to witness a rise at a CAGR of around 9.2% during the forecast period, i.e., 2025-32.

   A. The growing commercial building construction drives the Middle East & North Africa Timber Market through 2032.

   A. The availability of timber alternatives to limit the Middle East & North Africa Timber Market growth.

   A. The leading companies in the Middle East & North Africa Timber Market are Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others