Forecast: Wood Products Exports to the US by United Arab Emirates

The wood products exports from the UAE to the US saw fluctuations between 2013 and 2023. Starting from $4.0509 million in 2013 and reaching $6.7187 million in 2023, the value varied significantly year on year. Notable changes include a dramatic increase of 42.72% in 2014, a severe drop of 23.35% in 2016, and another substantial rise of 93.52% in 2017. The exports faced a consistent rise generally from 2020, with the CAGR for the last five years averaging 1.8%.

In 2023, the export value stood at $6.7187 million with a year-on-year growth of 2.37%. Forecasts indicate a consistent growth trend, reaching approximately $7.5317 million by 2028.

Future trends to watch for:

• Continued moderate growth in the value of exports indicated by a forecasted CAGR of 1.8%.
• Potential market shifts due to trade policies and environmental regulations.
• Increased competition and demand for sustainable wood products may affect future values.