United Arab Emirates: Market for Tableware And Kitchenware Of Wood 2024

Market Size for Tableware And Kitchenware Of Wood in the United Arab Emirates

The wood kitchenware and tableware market in the United Arab Emirates soared to $X in 2021, picking up by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Tableware And Kitchenware Of Wood

Exports from the United Arab Emirates

Wood kitchenware and tableware exports from the United Arab Emirates soared to X tons in 2021, increasing by 88% against the previous year's figure. Overall, exports, however, recorded a noticeable decline. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood kitchenware and tableware exports surged to $X in 2021. Over the period under review, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Oman (X tons) was the main destination for wood kitchenware and tableware exports from the United Arab Emirates, accounting for a 57% share of total exports. Moreover, wood kitchenware and tableware exports to Oman exceeded the volume sent to the second major destination, Angola (X tons), tenfold. Seychelles (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+24.4% per year) and Seychelles (+1.5% per year).

In value terms, Oman ($X) remains the key foreign market for tableware and kitchenware of wood exports from the United Arab Emirates, comprising 59% of total exports. The second position in the ranking was held by Maldives ($X), with a 12% share of total exports. It was followed by Seychelles, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+28.1% per year) and Seychelles (+16.0% per year).

Export Prices by Country

The average wood kitchenware and tableware export price stood at $X per ton in 2021, increasing by 19% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 92% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into the United Arab Emirates

In 2021, the amount of tableware and kitchenware of wood imported into the United Arab Emirates reached X tons, increasing by 5.9% against the previous year's figure. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wood kitchenware and tableware imports skyrocketed to $X in 2021. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 40%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wood kitchenware and tableware to the United Arab Emirates, with a 43% share of total imports. Moreover, wood kitchenware and tableware imports from China exceeded the figures recorded by the second-largest supplier, Oman (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+98.2% per year) and Thailand (+17.5% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to the United Arab Emirates, comprising 41% of total imports. The second position in the ranking was held by Thailand ($X), with a 6.2% share of total imports. It was followed by India, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+18.7% per year) and India (+13.0% per year).

Import Prices by Country

The average wood kitchenware and tableware import price stood at $X per ton in 2021, rising by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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