Middle East: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in the Middle East

The Middle Eastern walking-sticks and whips market amounted to $X in 2021, growing by 5.5% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -0.6% against 2015 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Walking-Sticks And Whips Production in the Middle East

In value terms, walking-sticks and whips production declined to $X in 2021 estimated in export price. Overall, production, however, saw a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 372% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Walking-Sticks And Whips Exports

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in shipments abroad of walking-sticks, seat-sticks, whips and riding-crops, which increased by 8.7% to X tons in 2021. Overall, exports posted a strong increase. The growth pace was the most rapid in 2016 with an increase of 78% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, walking-sticks and whips exports rose sharply to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporter of walking-sticks, seat-sticks, whips and riding-crops in the Middle East, with the volume of exports accounting for X tons, which was approx. 63% of total exports in 2021. Jordan (X tons) held the second position in the ranking, distantly followed by Syrian Arab Republic (X tons). All these countries together held approx. 33% share of total exports.

Exports from Turkey increased at an average annual rate of +11.1% from 2012 to 2021. At the same time, Syrian Arab Republic (+23.6%) and Jordan (+18.7%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +23.6% from 2012-2021. From 2012 to 2021, the share of Jordan, Turkey and Syrian Arab Republic increased by +14, +5.1 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Syrian Arab Republic ($X) and Jordan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Syrian Arab Republic, with a CAGR of +35.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 4.5% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+9.4%), while the other leaders experienced mixed trends in the export price figures.

Walking-Sticks And Whips Imports

Imports in the Middle East

In 2021, approx. X tons of walking-sticks, seat-sticks, whips and riding-crops were imported in the Middle East; rising by 27% against the previous year's figure. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 43% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. Overall, imports continue to indicate a mild increase. The pace of growth appeared the most rapid in 2015 when imports increased by 51% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Iraq (X tons) and the United Arab Emirates (X tons) were the main importers of walking-sticks, seat-sticks, whips and riding-crops in the Middle East, together finishing at approx. 53% of total imports. Yemen (X tons) ranks next in terms of the total imports with a 14% share, followed by Kuwait (8.2%) and Qatar (6.3%). The following importers - Turkey (X tons) and Iran (X tons) - each resulted at an 8% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest walking-sticks and whips importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Yemen ($X), together accounting for 59% of total imports.

Among the main importing countries, Yemen, with a CAGR of +28.6%, recorded 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 ton in 2021, rising by 6.7% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +16.5% against 2017 indices. The pace of growth was the most pronounced in 2014 when the import price increased by 36%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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