GCC: Wooden Frame Market 2025

Wooden Frame Market Size in GCC

In 2021, the GCC wooden frame market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, saw a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wooden Frame Production in GCC

In value terms, wooden frame production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 59%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Wooden Frame Exports

Exports in GCC

In 2021, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were exported in GCC; dropping by -31.9% on 2020 figures. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 124% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, wooden frame exports dropped sharply to $X in 2021. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 168% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X units, which amounted to 73% of total exports. Oman (X units) ranks second in terms of the total exports with a 15% share, followed by Saudi Arabia (8.4%). Kuwait (X units) held a little share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -20.3% from 2012 to 2021. At the same time, Oman (+37.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +37.4% from 2012-2021. By contrast, Kuwait (-6.4%) and Saudi Arabia (-17.0%) illustrated a downward trend over the same period. While the share of Oman (+15 p.p.) and Kuwait (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-16.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest wooden frame supplier in GCC, comprising 86% of total exports. The second position in the ranking was taken by Oman ($X), with a 4.4% share of total exports. It was followed by Saudi Arabia, with a 3.8% share.

In the United Arab Emirates, wooden frame exports shrank by an average annual rate of -14.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+30.9% per year) and Saudi Arabia (-16.0% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, reducing by -8.8% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden frame export price increased by +4.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the export price increased by 48% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.5%), while the other leaders experienced more modest paces of growth.

Wooden Frame Imports

Imports in GCC

In 2021, purchases abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by 3.8% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 32%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wooden frame imports expanded notably to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of wooden frames for paintings, photographs, mirrors or similar objects in GCC, with the volume of imports recording X units, which was approx. 63% of total imports in 2021. Kuwait (X units) held the second position in the ranking, followed by Oman (X units), Bahrain (X units) and Qatar (X units). All these countries together held approx. 37% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -7.8% from 2012 to 2021. At the same time, Bahrain (+2.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +2.7% from 2012-2021. By contrast, Kuwait (-2.0%), Qatar (-2.2%) and Oman (-5.2%) illustrated a downward trend over the same period. While the share of Bahrain (+4.8 p.p.), Kuwait (+3.7 p.p.) and Qatar (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-11.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wooden frame importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), together accounting for 64% of total imports.

Qatar, with a CAGR of +0.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, growing by 8.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform