The wood products exports from Oman to the United Arab Emirates have experienced fluctuations over the years. Starting at 4.509 million USD in 2013, the exports saw a major decline in 2014 but rebounded significantly in 2015. The value consistently grew through 2017, reaching a peak of 6.5774 million USD. Although there was a slight dip in 2018, the trend continued upwards, with an all-time high of 7.9536 million USD in 2023. The most recent year-on-year growth from 2022 to 2023 was 3.62%, and the five-year CAGR from 2018 to 2023 was 3.94%.
Future trends to watch for:
- Continued moderate growth with a forecasted five-year CAGR of 2.65%.- Potential impacts of economic conditions and trade policies on export volumes.- Increasing environmental regulations and certifications impacting the wood products market.
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