Middle East: Drawing Board Market 2024

Drawing Board Market Size in the Middle East

The Middle Eastern drawing board market dropped markedly to $X in 2022, falling by -38% against the previous year. Over the period under review, consumption, however, continues to indicate slight growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Drawing Board Production in the Middle East

In value terms, drawing board production shrank rapidly to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 184%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Drawing Board Exports

Exports in the Middle East

In 2022, the amount of slates and boards with writing or drawing surfaces exported in the Middle East soared to X units, increasing by 54% compared with 2021 figures. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 56%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, drawing board exports skyrocketed to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 49% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was near 86% of total exports in 2022. The United Arab Emirates (X units) held a 5.8% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (4.9%).

Turkey was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces exports, with a CAGR of +10.9% from 2012 to 2022. At the same time, the United Arab Emirates (+2.7%) displayed positive paces of growth. By contrast, Jordan (-9.3%) illustrated a downward trend over the same period. While the share of Turkey (+24 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-3.2 p.p.) and Jordan (-21.5 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest drawing board supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was held by Jordan ($X), with a 9.9% share of total exports.

In Turkey, drawing board exports increased at an average annual rate of +9.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (-7.0% per year) and the United Arab Emirates (+6.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by -4.5% against the previous year. In general, the export price saw a mild contraction. The growth pace was the most rapid in 2017 when the export price increased by 16%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while Turkey ($X per unit) 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 (+3.5%), while the other leaders experienced mixed trends in the export price figures.

Drawing Board Imports

Imports in the Middle East

In 2022, the amount of slates and boards with writing or drawing surfaces imported in the Middle East shrank to X units, which is down by -6.1% against the previous year's figure. In general, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 46% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, drawing board imports dropped to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 54%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) and Iraq (X units) were the main importers of slates and boards with writing or drawing surfaces in the Middle East, together committing 52% of total imports. Israel (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (5.9%), Qatar (5.2%) and Iran (4.8%). Yemen (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +10.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, together accounting for 65% of total imports.

Among the main importing countries, Israel, with a CAGR of +9.1%, 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 unit in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

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 Iraq ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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