Middle East: Iron Household Articles Market 2024

Iron Household Articles Market Size in the Middle East

The Middle Eastern iron household articles market rose sharply to $X in 2021, with an increase of 8% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Iron Household Articles Production in the Middle East

In value terms, iron household articles production soared to $X in 2021 estimated in export price. Overall, production posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 144% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Iron Household Articles Exports

Exports in the Middle East

In 2021, approx. X tons of table, kitchen or household articles and parts of iron were exported in the Middle East; rising by 21% against the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.5% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron household articles exports soared to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. 87% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), making up a 7.8% share of total exports.

Turkey was also the fastest-growing in terms of the table, kitchen or household articles and parts of iron exports, with a CAGR of +8.2% from 2012 to 2021. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey increased by +8.7 percentage points.

In value terms, Turkey ($X) remains the largest iron household articles supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.1% share of total exports.

In Turkey, iron household articles exports expanded at an average annual rate of +6.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, with an increase of 19% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 the United Arab Emirates (+1.6%).

Iron Household Articles Imports

Imports in the Middle East

In 2021, approx. X tons of table, kitchen or household articles and parts of iron were imported in the Middle East; therefore, remained relatively stable against the previous year's figure. In general, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 8.3% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, iron household articles imports rose to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 30%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Iraq (X tons), Saudi Arabia (X tons) and Israel (X tons) represented roughly 75% of total imports in 2021. It was distantly followed by Kuwait (X tons), mixing up a 5.2% share of total imports. The following importers - Oman (X tons) and Lebanon (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +6.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 65% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +12.9%, 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

In 2021, the import price in the Middle East amounted to $X per ton, growing by 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2013 when the import price increased by 20% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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