Middle East: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in the Middle East

In 2021, after two years of growth, there was decline in the Middle Eastern assembled parquet panels market, when its value decreased by -4.1% to $X. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped slightly in the following year.

Assembled Parquet Panels Production in the Middle East

In value terms, assembled parquet panels production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12%. As a result, production attained the peak level of $X, and then fell in the following year.

Assembled Parquet Panels Exports

Exports in the Middle East

Assembled parquet panels exports surged to X tons in 2021, with an increase of 180% compared with the previous year. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels exports skyrocketed to $X in 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), committing a 5.8% share of total exports.

Turkey was also the fastest-growing in terms of the assembled parquet panels exports, with a CAGR of +22.2% from 2012 to 2021. At the same time, the United Arab Emirates (+13.2%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +18 percentage points.

In value terms, Turkey ($X) remains the largest assembled parquet panels supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.3% share of total exports.

In Turkey, assembled parquet panels exports expanded at an average annual rate of +22.0% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, which is down by -2.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%).

Assembled Parquet Panels Imports

Imports in the Middle East

In 2021, supplies from abroad of assembled parquet panels increased by 42% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, assembled parquet panels imports surged to $X in 2021. The total import value increased at an average annual rate of +6.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of assembled parquet panels imports in 2021 were Israel (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons), together reaching 87% of total import. The following importers - Iran (X tons), Qatar (X tons) and Kuwait (X tons) - each finished at an 8.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +17.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2021, with a combined 76% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +18.3%, 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 2021, approximately mirroring the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 6.8%. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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