Local and Regional Unrests Saw off the Lebanese Wood Market

Shaping earlier civilizations, wood is one of the oldest industries and one of the most valuable and monitored commodities in our modern world. Wood is very well recognized for its many uses starting with the commodity being a source of heat, handmade and art products, as well as being an important construction, floor and furniture material.

Knocking on the timbered gates of the Lebanese wood industry opens doors to the market’s critical standing, given its high dependency on imports. In fact, there is no actual production within the sector but finished and semi-finished products are imported to either be directly sold and distributed to local wholesalers and retailers or to be transformed and reshaped into new wood products such as furniture, doors, houses etc…

Given the sector’s full dependency on imports, market size is estimated to be between $190M and $250M. Despite its small market size, wood sector still attract lots of ambitious investors aiming to clutch a market opportunity and realize profits in the small immature market. However, the last ten years rarely saw new entrances to the market that became more rigid with more difficulties and obstacles. Actually, the wood market in Lebanon is highly vulnerable to regional shocks, local uprisings and international trends. Noting that companies and households are the end users of wood products, any change in their habits or economic status will directly impact their demand…

Click below for the full report:

Local and Regional Unrests Saw off the Lebanese Wood Market

Leave a Reply

Your email address will not be published. Required fields are marked *