MENA: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in MENA

The MENA's walking-sticks and whips market expanded notably to $X in 2021, surging by 5% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.3% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in MENA

In value terms, walking-sticks and whips production dropped to $X in 2021 estimated in export price. In general, production, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 152% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Walking-Sticks And Whips Exports

Exports in MENA

In 2021, shipments abroad of walking-sticks, seat-sticks, whips and riding-crops increased by 14% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, walking-sticks and whips exports stood at $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +36.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 57%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which reached 58% of total exports. It was distantly followed by Jordan (X tons), Egypt (X tons) and Syrian Arab Republic (X tons), together comprising a 37% share of total exports. Tunisia (X kg) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +11.1% from 2012 to 2021. At the same time, Egypt (+24.5%), Syrian Arab Republic (+23.6%), Tunisia (+19.3%) and Jordan (+18.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +24.5% from 2012-2021. From 2012 to 2021, the share of Jordan, Egypt, Syrian Arab Republic and Turkey increased by +12, +4.2, +3 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest walking-sticks and whips supplying countries in MENA were Turkey ($X), Syrian Arab Republic ($X) and Jordan ($X), together accounting for 71% of total exports.

Syrian Arab Republic, with a CAGR of +35.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, standing approx. at the previous year. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2013 an increase of 45%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Syrian Arab Republic ($X per ton), while Turkey ($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 (+10.4%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in MENA

In 2021, approx. X tons of walking-sticks, seat-sticks, whips and riding-crops were imported in MENA; with an increase of 13% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 48%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports soared to $X in 2021. Overall, imports showed slight growth. The pace of growth appeared the most rapid in 2019 with an increase of 49%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Iraq (X tons) and the United Arab Emirates (X tons) represented roughly 44% of total imports in 2021. Yemen (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (8.7%), Kuwait (6.7%) and Qatar (5.1%). The following importers - Turkey (X tons), Iran (X tons), Libya (X tons), Israel (X tons), Djibouti (X tons), Morocco (X tons) and Jordan (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips importing markets in MENA were the United Arab Emirates ($X), Iraq ($X) and Yemen ($X), together accounting for 48% of total imports.

Among the main importing countries, Yemen, with a CAGR of +28.6%, recorded the highest rates of growth with regard to 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

In 2021, the import price in MENA amounted to $X per ton, growing by 14% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +27.1% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform