Overall Market Trends
The Middle East plywood market is showing slight contraction in 2024 after a prior boom—output and imports both down modestly.
Saudi Arabia, UAE, and Israel remain key markets, but Iraq is the fastest-growing importer.
Growth prospects remain favorable with a ~3.9–4% CAGR forecast through 2030 due to infrastructure expansion, sustainable trends, and luxury construction projects.
Global trade patterns are shifting—exporters like Indonesia and Russia are adjusting strategies in response to geopolitical and tariff pressures.