GCC: Market for Porcelain Or China Tableware And Kitchenware 2024

Market Size for Porcelain Or China Tableware And Kitchenware in GCC

The GCC porcelain tableware and kitchenware market reduced dramatically to $X in 2022, which is down by -18.9% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then fell dramatically in the following year.

Production of Porcelain Or China Tableware And Kitchenware in GCC

In value terms, porcelain tableware and kitchenware production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Porcelain Or China Tableware And Kitchenware

Exports in GCC

In 2022, approx. X tons of porcelain or china tableware and kitchenware were exported in GCC; growing by 28% compared with 2021 figures. The total export volume increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 28% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, porcelain tableware and kitchenware exports soared to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 29%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2022. Bahrain (X tons) and Saudi Arabia (X tons) took a relatively small share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of porcelain or china tableware and kitchenware. At the same time, Bahrain (+92.1%) and Saudi Arabia (+6.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +92.1% from 2012-2022. From 2012 to 2022, the share of Bahrain increased by +2.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest porcelain tableware and kitchenware supplier in GCC, comprising 92% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 5.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +2.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+77.5% per year) and Saudi Arabia (+4.0% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2014 when the export price increased by 24% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Porcelain Or China Tableware And Kitchenware

Imports in GCC

In 2022, the amount of porcelain or china tableware and kitchenware imported in GCC shrank significantly to X tons, which is down by -39.5% compared with the previous year's figure. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, porcelain tableware and kitchenware imports contracted sharply to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Imports by Country

The United Arab Emirates was the largest importer of porcelain or china tableware and kitchenware in GCC, with the volume of imports amounting to X tons, which was near 74% of total imports in 2022. Qatar (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (10%). Oman (X tons) and Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to porcelain tableware and kitchenware imports into the United Arab Emirates stood at -4.2%. At the same time, Oman (+11.5%), Kuwait (+4.5%) and Qatar (+3.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.5% from 2012-2022. By contrast, Bahrain (-1.2%) illustrated a downward trend over the same period. The United Arab Emirates (+17 p.p.), Kuwait (+7.1 p.p.), Qatar (+7 p.p.) and Oman (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported porcelain or china tableware and kitchenware in GCC, comprising 71% of total imports. The second position in the ranking was held by Qatar ($X), with a 13% share of total imports. It was followed by Kuwait, with an 11% share.

In the United Arab Emirates, porcelain tableware and kitchenware imports expanded at an average annual rate of +5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+6.8% per year) and Kuwait (+11.6% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 40% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per ton) and Oman ($X per ton), while Bahrain ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform