Middle East: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in the Middle East

In 2022, after two years of decline, there was significant growth in the Middle Eastern metal office furniture market, when its value increased by 685% to $X. In general, consumption continues to indicate a pronounced expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Office Furniture Production in the Middle East

In value terms, metal office furniture production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 94% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Office Furniture Exports

Exports in the Middle East

In 2022, the amount of metal office furniture exported in the Middle East dropped modestly to X tons, stabilizing at the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 45%. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, metal office furniture exports rose rapidly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. 82% of total exports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, followed by Palestine (X tons). All these countries together took near 11% share of total exports. Oman (X tons) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +7.7% from 2012 to 2022. At the same time, Palestine (+11.6%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +11.6% from 2012-2022. The United Arab Emirates and Oman experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey and Palestine increased by +7.7 and +1.9 percentage points, respectively.

In value terms, Turkey ($X) remains the largest metal office furniture supplier in the Middle East, comprising 75% of total exports. The second position in the ranking was held by Palestine ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

In Turkey, metal office furniture exports increased at an average annual rate of +8.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Palestine (+13.0% per year) and the United Arab Emirates (-1.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 8.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12%. The level of export peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 Palestine ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Metal Office Furniture Imports

Imports in the Middle East

In 2022, supplies from abroad of metal office furniture increased by 3.6% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 8.8% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports amounted to $X in 2022. Overall, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 7.5%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the key importer of metal office furniture in the Middle East, with the volume of imports accounting for X tons, which was near 42% of total imports in 2022. The United Arab Emirates (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (8.5%), Kuwait (7.2%), Israel (6.7%) and Iraq (6.3%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal office furniture imports into Saudi Arabia stood at -8.6%. At the same time, Israel (+19.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +19.1% from 2012-2022. By contrast, the United Arab Emirates (-2.1%), Iraq (-3.4%), Kuwait (-4.7%), Oman (-5.6%) and Qatar (-10.6%) illustrated a downward trend over the same period. The United Arab Emirates (+7.8 p.p.), Israel (+6.1 p.p.) and Iraq (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Saudi Arabia saw its share reduced by -4.8% and -10.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal office furniture importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for 67% of total imports.

Among the main importing countries, Israel, with a CAGR of +19.1%, saw 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

The import price in the Middle East stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the import price increased by 10%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

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 Kuwait (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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