MENA: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in MENA

In 2022, the MENA's metal domestic furniture market decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Domestic Furniture Production in MENA

In value terms, metal domestic furniture production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate moderate growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Metal Domestic Furniture Exports

Exports in MENA

For the sixth consecutive year, MENA recorded growth in overseas shipments of metal furniture, which increased by X% to X tons in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, metal domestic furniture exports soared to $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey represented the major exporter of metal furniture in MENA, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Egypt (X tons), together achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal domestic furniture exports from Turkey stood at X%. At the same time, Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) and Egypt (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal domestic furniture supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Egypt (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($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 (X%), while the other leaders experienced a decline in the export price figures.

Metal Domestic Furniture Imports

Imports in MENA

In 2022, approx. X tons of metal furniture were imported in MENA; with a decrease of X% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal domestic furniture imports dropped markedly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main importers of metal furniture in MENA, together creating X% of total imports. Israel (X tons) ranks next in terms of the total imports with a X% share, followed by Iraq (X%) and Kuwait (X%). Turkey (X tons), Qatar (X tons), Oman (X tons), Morocco (X tons), Libya (X tons), Algeria (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal domestic furniture importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), with a combined X% share of total imports.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform