MENA: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in MENA

In 2022, the MENA's wooden furniture treatments market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in MENA

In value terms, wooden furniture treatments production fell to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 79%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports in MENA

In 2022, exports of polishes and creams for wooden furniture and floors in MENA reached X tons, surging by 6.6% against the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 63%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports expanded sharply to $X in 2022. In general, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2013 with an increase of 49% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) represented roughly 85% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a 10% share of total exports. Egypt (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments supplying countries in MENA were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 93% share of total exports. Egypt lagged somewhat behind, comprising a further 3.4%.

In terms of the main exporting countries, Egypt, with a CAGR of +9.4%, 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

The export price in MENA stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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 Egypt ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Wooden Furniture Treatments Imports

Imports in MENA

After three years of decline, overseas purchases of polishes and creams for wooden furniture and floors increased by 10% to X tons in 2022. Overall, imports, however, recorded a drastic downturn. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a noticeable setback. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the nine major importers of polishes and creams for wooden furniture and floors, namely Oman, the United Arab Emirates, Libya, Turkey, Algeria, Israel, Bahrain, Kuwait and Morocco, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 42% share of total imports. Libya, Bahrain, Kuwait, Oman, Morocco and Algeria lagged somewhat behind, together accounting for a further 37%.

Oman, with a CAGR of +16.0%, recorded the highest growth rate of the value of imports, in terms of 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, surging by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2019 an increase of 13%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform