MENA: Plastic Furniture Market 2024

Plastic Furniture Market Size in MENA

In 2021, the MENA's plastic furniture market decreased by -1.4% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Plastic Furniture Production in MENA

In value terms, plastic furniture production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 17%. The level of production peaked at $X in 2020, and then shrank slightly in the following year.

Plastic Furniture Exports

Exports in MENA

In 2021, shipments abroad of furniture of plastic increased by 35% to X units, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, plastic furniture exports skyrocketed to $X in 2021. Total exports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) was the key exporter of furniture of plastic, creating 50% of total exports. It was distantly followed by Israel (X units) and Jordan (X units), together committing a 37% share of total exports. The following exporters - the United Arab Emirates (X units), Tunisia (X units) and Lebanon (X units) - together made up 8.3% of total exports.

From 2012 to 2021, the biggest increases were in Tunisia (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2021, together comprising 92% of total exports. These countries were followed by Jordan, Lebanon and Tunisia, which together accounted for a further 4.9%.

Tunisia, with a CAGR of +17.4%, saw the highest growth rate of the value of exports, among 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 unit, rising by 6.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Plastic Furniture Imports

Imports in MENA

Plastic furniture imports rose remarkably to X units in 2021, picking up by 6% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 7.5% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports amounted to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 8.9%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Iraq (X units), Kuwait (X units), Israel (X units), Libya (X units), Oman (X units) and Morocco (X units) represented roughly 76% of total imports in 2021. Lebanon (X units), Turkey (X units), Egypt (X units), Bahrain (X units), Yemen (X units) and Syrian Arab Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Syrian Arab Republic (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture importing markets in MENA were the United Arab Emirates ($X), Kuwait ($X) and Israel ($X), with a combined 39% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of +15.0%, saw the highest growth rate of 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 unit, dropping by -3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 14%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform