MENA: Drawing Board Market 2024

Drawing Board Market Size in MENA

The MENA's drawing board market declined notably to $X in 2022, which is down by -36% against the previous year. In general, consumption, however, enjoyed a modest expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Drawing Board Production in MENA

In value terms, drawing board production declined notably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 184% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Drawing Board Exports

Exports in MENA

In 2022, the amount of slates and boards with writing or drawing surfaces exported in MENA skyrocketed to X units, rising by 54% against the year before. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, drawing board exports surged to $X in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 48%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was near 85% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Jordan (X units), together committing an 11% share of total exports.

Turkey was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces exports, with a CAGR of +10.9% from 2012 to 2022. At the same time, the United Arab Emirates (+2.7%) displayed positive paces of growth. By contrast, Jordan (-9.3%) illustrated a downward trend over the same period. While the share of Turkey (+25 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-3 p.p.) and Jordan (-20.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest drawing board supplier in MENA, comprising 77% of total exports. The second position in the ranking was taken by Jordan ($X), with a 9.8% share of total exports.

In Turkey, drawing board exports expanded at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (-7.0% per year) and the United Arab Emirates (+6.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, which is down by -4.6% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while Turkey ($X per unit) 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 (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Drawing Board Imports

Imports in MENA

In 2022, supplies from abroad of slates and boards with writing or drawing surfaces was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 34%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, drawing board imports declined slightly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Iraq (X units) were the largest importers of slates and boards with writing or drawing surfaces in 2022, recording near 18% and 18% of total imports, respectively. Libya (X units) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by Israel (9.1%), Algeria (8.7%) and Morocco (6.6%). Kuwait (X units), Qatar (X units), Iran (X units), Yemen (X units), Tunisia (X units), Oman (X units) and Jordan (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined 49% share of total imports. Israel, Morocco, Libya, Kuwait, Tunisia, Yemen, Iran, Qatar, Jordan and Oman lagged somewhat behind, together comprising a further 38%.

Jordan, with a CAGR of +9.6%, recorded the highest growth rate of 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 unit, falling by -2.1% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, drawing board import price increased by +52.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 33%. The level of import peaked at $X per unit in 2021, and then declined modestly in the following year.

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 Algeria ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform