Middle East: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in the Middle East

The Middle Eastern wooden furniture treatments market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -23.5% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in the Middle East

In value terms, wooden furniture treatments production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The growth pace was the most rapid in 2016 when the production volume increased by 92% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports in the Middle East

Wooden furniture treatments exports totaled X tons in 2022, increasing by 4.5% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 54%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports expanded slightly to $X in 2022. Over the period under review, exports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 35% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and Saudi Arabia (X tons) were the major exporters of polishes and creams for wooden furniture and floors in 2022, amounting to near 46% and 41% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons), creating an 11% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 96% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +8.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 23%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) 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 (+1.0%), while the other leaders experienced a decline in the export price figures.

Wooden Furniture Treatments Imports

Imports in the Middle East

In 2022, the amount of polishes and creams for wooden furniture and floors imported in the Middle East expanded markedly to X tons, growing by 14% compared with the previous year's figure. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, wooden furniture treatments imports soared to $X in 2022. Over the period under review, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Oman (X tons), the United Arab Emirates (X tons), Turkey (X tons), Israel (X tons), Bahrain (X tons) and Kuwait (X tons) represented roughly 80% of total imports in 2022. It was distantly followed by Yemen (X tons), achieving a 4.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +31.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden furniture treatments importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 53% of total imports. Bahrain, Kuwait, Oman and Yemen lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Yemen, with a CAGR of +31.8%, 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

The import price in the Middle East stood at $X per ton in 2022, growing by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 when the import price increased by 18% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :