MENA: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in MENA

The MENA's market for wood boxes, crates and cable drums fell rapidly to $X in 2022, with a decrease of -32% against the previous year. Overall, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Production of Wood Boxes, Crates and Cable Drums in MENA

In value terms, wood box and cable drum production declined modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 46%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports in MENA

In 2022, overseas shipments of wood boxes, crates and cable drums increased by 70% to X units for the first time since 2017, thus ending a four-year declining trend. Total exports indicated a tangible expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood box and cable drum exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 37% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, Bahrain (X units) represented the main exporter of wood boxes, crates and cable drums, committing 63% of total exports. Turkey (X units) ranks second in terms of the total exports with a 25% share, followed by the United Arab Emirates (6.2%).

From 2012 to 2022, average annual rates of growth with regard to wood box and cable drum exports from Bahrain stood at +6.7%. At the same time, the United Arab Emirates (+17.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +17.1% from 2012-2022. By contrast, Turkey (-3.0%) illustrated a downward trend over the same period. Bahrain (+18 p.p.) and the United Arab Emirates (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -21% from 2012 to 2022, respectively.

In value terms, the largest wood box and cable drum supplying countries in MENA were Turkey ($X), Bahrain ($X) and the United Arab Emirates ($X), with a combined 92% share of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +5.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, reducing by -22.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the other leaders experienced a decline in the export price figures.

Imports of Wood Boxes, Crates and Cable Drums

Imports in MENA

In 2022, purchases abroad of wood boxes, crates and cable drums increased by 25% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a slight increase. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wood box and cable drum imports soared to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 35%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X units), distantly followed by the United Arab Emirates (X units), Morocco (X units), Kuwait (X units), Jordan (X units), Oman (X units) and Israel (X units) were the major importers of wood boxes, crates and cable drums, together generating 84% of total imports. Qatar (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood box and cable drum importing markets in MENA were Jordan ($X), Israel ($X) and Morocco ($X), together accounting for 33% of total imports.

In terms of the main importing countries, Morocco, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, reducing by -7.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. The level of import peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform