Forecast: Wood Products Exports to United Arab Emirates by Kuwait

The wood products exports from Kuwait to the United Arab Emirates have shown a fluctuating trend over the past decade. The peak was observed in 2014 with a significant upsurge to $1184.9 thousand followed by a gradual decline and stabilizing from 2017 onwards. As of 2023, the value stood at $876.3 thousand. The last two years recorded minimal year-on-year variations, with 2022 showing a slight increase of 4.97% and 2023 a marginal decline of 0.28%. The Compound Annual Growth Rate (CAGR) over the last five years was -1.13%, indicating a slow downward trend.

Future trends to watch for would include:

• The continued slight decline forecasted, with a five-year CAGR of -0.22%.
• Monitor potential market disruptions or demands in the UAE that may impact export values positively or negatively.
• Economic and policy changes between Kuwait and UAE that could affect trade flows.