UAE Sawn Wood Market (2022-2028) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

UAE Sawn Wood Market Synopsis

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.

Market by Types

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.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 11 Years Market Numbers.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2022
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• UAE Sawn Wood Market Overview
• Historical Data and Forecast of UAE Sawn Wood Market Revenues & Volume, for the Period 2018-2028F
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Market Drivers and Restraints
• Market Trends & Evolution
• Historical Data and Forecast of UAE Sawn Wood Market Revenues & Volume, By Types, for the Period 2018-2028F
• UAE Sawn Wood Market Import Export Trade Statistics
• Key Performance Indicators
• UAE Sawn Wood Market Opportunity Assessment
• UAE Sawn Wood Market Revenue Share, By Companies
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types

• Softwood
• Hardwood