Veneer sheets market in the United Arab Emirates

Earlier Report Observations

The UAE market for veneer sheets experienced a pronounced contraction, with volume falling from 39 593 m³ in 2018 to 9 923 m³ in 2021. This drop was followed by a period of stabilization and modest growth, reaching 11 540 m³ in 2023. Domestic production remained constant at 2 000 m³ each year, indicating that the market movement was primarily driven by changes in import levels.

In 2024, market activity continued with ongoing imports and exports. Key factors influencing the veneer sheets market included rising demand from the non-residential construction sector and the growing adoption of cross-laminated timber (CLT) as a building material. The expansion of local e-commerce platforms, such as Fepy, also improved product accessibility for consumers.

Production veneer sheets in the United Arab Emirates

In kind, 2017-2020, m³

Top producers of veneer sheets, 2017-2020

World map of production of veneer sheets, 2017-2020

In 2020, the United Arab Emirates produced 2 000 m³ of veneer sheets, a level that remained broadly stable compared to 2019. Over the period from 2017 to 2020, production decreased by 33.3%, with a compound annual growth rate of 12.6%. The lowest production volume was recorded in 2018 at 2 000 m³. The largest decline occurred in 2018, with a drop of 33.3%, while the largest increase was seen in 2019, though it remained at 0.0%.

Annual dynamics of production in the United Arab Emirates in kind, 2017-2020, m³

Exports veneer sheets from the United Arab Emirates

Exports in kind, K m³

Foreign supplies of veneer sheets from the United Arab Emirates declined for the third consecutive year. In 2020, the country exported 1 586 K m³ of veneer sheets, marking an 18.5% decrease compared to the previous year. Between 2017 and 2020, exports fell by 34.2%, which translates to an annualized decline of 13.0%.

Annual dynamics of product's exports from the United Arab Emirates in kind, 2017-2020, K m³

From 2017 to 2020, the main destinations for veneer sheet exports from the United Arab Emirates were Oman, Saudi Arabia, and Kuwait, accounting for 39.1%, 12.3%, and 7.0% of exports in kind, respectively. Together, these three countries formed 58.4% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from the United Arab Emirates in kind, 2017-2020

Exports in value, K $ US

The market showed an unstable trend throughout the period. The United Arab Emirates exported 4 614 K $ US of veneer sheets in 2020, representing a 21.4% drop compared to the previous year. The maximum value was recorded in 2018 at 6 076 K $ US, with the largest increase occurring in 2018 at 145.4%. The span from 2017 to 2018 exhibited a peak-to-trough amplitude of 2.5 times.

Annual dynamics of product's exports from the United Arab Emirates in value, 2017-2020, K $ US

From 2017 to 2020, three main markets—Oman, Saudi Arabia, and Bahrain—together absorbed 67.4% of total veneer sheet exports from the United Arab Emirates in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from the United Arab Emirates in value, 2017-2020

Imports veneer sheets to the United Arab Emirates

Imports in kind, K m³

Foreign supplies of veneer sheets to the United Arab Emirates declined for the second consecutive year. In 2020, imports totaled 5 849 K m³, a reduction of 17.1% compared to 2019. Between 2017 and 2020, imports decreased by 33.1%, equating to an annualized rate of 12.5%. The maximum value was recorded in 2018 at 9 246 K m³. The largest decline occurred in 2019 with a drop of 23.7%, while the largest increase was in 2018 at 5.8%.

Annual dynamics of product's imports to the United Arab Emirates in kind, 2017-2020, K m³

Throughout 2017 to 2020, China, the United States, and Turkey remained the main sources for veneer sheet imports to the United Arab Emirates, accounting for 23.5%, 19.4%, and 8.2% of imports in kind, respectively. Together, these three markets took 51.0% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to the United Arab Emirates in kind, 2017-2020

Imports in value, K $ US

Veneer sheet imports to the United Arab Emirates declined for the second consecutive year. In 2020, imports tallied 19 661 K $ US, which is 19.9% less year-over-year. Between 2017 and 2020, imports decreased by 22.1%, equating to an annualized rate of 8.0%. The maximum value was recorded in 2018 at 30 181 K $ US, with the largest increase occurring in 2018 at 19.5%.

Annual dynamics of product's imports to the United Arab Emirates in value, 2017-2020, K $ US

Throughout 2017 to 2020, the three largest markets—the United States, Italy, and China—remained central to imports in value terms, together accounting for 61.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to the United Arab Emirates in value, 2017-2020