Middle East: Plastic Furniture Market 2024

Plastic Furniture Market Size in the Middle East

In 2021, the Middle Eastern plastic furniture market decreased by -2.6% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Plastic Furniture Production in the Middle East

In value terms, plastic furniture production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% 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 23% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Plastic Furniture Exports

Exports in the Middle East

In 2021, shipments abroad of furniture of plastic increased by 32% 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 +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 52%. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plastic furniture exports soared to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +77.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the largest exporter of furniture of plastic in the Middle East, with the volume of exports amounting to X units, which was approx. 52% of total exports in 2021. Israel (X units) ranks second in terms of the total exports with a 33% share, followed by Jordan (5.3%) and the United Arab Emirates (4.6%). Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +9.5%), while 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, with a combined 94% share of total exports. Jordan and Lebanon lagged somewhat behind, together accounting for a further 4%.

In terms of the main exporting countries, Jordan, with a CAGR of +10.9%, 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

In 2021, the export price in the Middle East amounted to $X per unit, growing by 9.1% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 13%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while Jordan ($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 the Middle East

After two years of decline, purchases abroad of furniture of plastic increased by 8.1% to X units in 2021. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports expanded to $X in 2021. In general, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2015 with an increase of 7%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 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) and Oman (X units) represented roughly 76% of total imports in 2021. It was distantly followed by Lebanon (X units), comprising a 4.8% share of total imports. Turkey (X units), Bahrain (X units) and Yemen (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic furniture importing markets in the Middle East were the United Arab Emirates ($X), Kuwait ($X) and Israel ($X), with a combined 47% share of total imports.

Kuwait, with a CAGR of +15.0%, saw 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 2021, the import price in the Middle East amounted to $X per unit, which is down by -4.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 13% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per unit), while Oman ($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

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