Middle East: Hand Stamp Market 2024

Hand Stamp Market Size in the Middle East

The Middle Eastern hand stamp market shrank to $X in 2022, which is down by -9.9% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Production in the Middle East

In value terms, hand stamp production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 26%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Hand Stamp Exports

Exports in the Middle East

Hand stamp exports reached X units in 2022, growing by 12% against the previous year. In general, exports showed pronounced growth. The most prominent rate of growth was recorded in 2017 when exports increased by 82%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, hand stamp exports soared to $X in 2022. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X units) represented the key exporter of stamps for use in the hand, committing 84% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a 13% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to hand stamp exports from Turkey stood at +2.7%. At the same time, the United Arab Emirates (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +4.0% from 2012-2022. While the share of the United Arab Emirates (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hand stamp supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.7% share of total exports.

In Turkey, hand stamp exports expanded at an average annual rate of +8.3% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by 37% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand stamp export price increased by +67.0% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 39% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%).

Hand Stamp Imports

Imports in the Middle East

Hand stamp imports dropped to X units in 2022, which is down by -7.8% on the previous year's figure. Overall, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports reduced modestly to $X in 2022. Over the period under review, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Turkey (X units), Iraq (X units), Iran (X units), Israel (X units) and Oman (X units) were the main importers of stamps for use in the hand, together making up 89% of total imports. Kuwait (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +4.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined 67% share of total imports. Iraq, Oman, Iran and Kuwait lagged somewhat behind, together comprising a further 22%.

Among the main importing countries, Iraq, with a CAGR of +8.3%, 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, with an increase of 4.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 11%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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