Middle East: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in the Middle East

The Middle Eastern metal domestic furniture market fell dramatically to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Domestic Furniture Production in the Middle East

In value terms, metal domestic furniture production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Metal Domestic Furniture Exports

Exports in the Middle East

In 2022, metal domestic furniture exports in the Middle East stood at X tons, increasing by X% against the previous year's figure. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal domestic furniture exports soared to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Turkey represented the main exporter of metal furniture in the Middle East, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports.

Turkey was also the fastest-growing in terms of the metal furniture exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest metal domestic furniture supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood 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 the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Metal Domestic Furniture Imports

Imports in the Middle East

Metal domestic furniture imports declined notably to X tons in 2022, shrinking by X% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, metal domestic furniture imports fell markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented the largest importers of metal furniture in the Middle East, together recording near X% of total imports. It was distantly followed by Israel (X tons), Iraq (X tons), Kuwait (X tons), Turkey (X tons) and Qatar (X tons), together mixing up a X% share of total imports.

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

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded 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, shrinking by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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