MENA: Iron Household Articles Market 2024

Iron Household Articles Market Size in MENA

The MENA's iron household articles market stood at $X in 2021, with an increase of 11% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Iron Household Articles Production in MENA

In value terms, iron household articles production soared to $X in 2021 estimated in export price. In general, production posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 140% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Iron Household Articles Exports

Exports in MENA

In 2021, exports of table, kitchen or household articles and parts of iron in MENA skyrocketed to X tons, jumping by 21% against the previous year. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.2% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. 87% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), constituting a 7.8% share of total exports.

Turkey was also the fastest-growing in terms of the table, kitchen or household articles and parts of iron exports, with a CAGR of +8.2% from 2012 to 2021. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey increased by +8.8 percentage points.

In value terms, Turkey ($X) remains the largest iron household articles supplier in MENA, comprising 88% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +6.3%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.6%).

Iron Household Articles Imports

Imports in MENA

In 2021, the amount of table, kitchen or household articles and parts of iron imported in MENA was estimated at X tons, growing by 3.9% against 2020 figures. In general, imports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 7.5%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, iron household articles imports totaled $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Iraq (X tons), Saudi Arabia (X tons), Israel (X tons), Algeria (X tons), Libya (X tons) and Morocco (X tons) represented roughly 77% of total imports in 2021. The following importers - Kuwait (X tons), Oman (X tons), Lebanon (X tons), Iran (X tons), Djibouti (X tons) and Tunisia (X tons) - together made up 14% of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron household articles importing markets in MENA were the United Arab Emirates ($X), Iraq ($X) and Saudi Arabia ($X), with a combined 48% share of total imports.

Iraq, with a CAGR of +12.9%, 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 2021, the import price in MENA amounted to $X per ton, picking up by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform