Middle East: Wooden Frame Market 2024

Wooden Frame Market Size in the Middle East

The Middle Eastern wooden frame market reached $X in 2023, surging by X% against the previous year. In general, consumption, however, continues to indicate a slight descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Wooden Frame Production in the Middle East

In value terms, wooden frame production rose modestly to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Wooden Frame Exports

Exports in the Middle East

In 2023, after four years of growth, there was significant decline in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, when their volume decreased by X% to X units. Total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X units in 2022, and then declined rapidly in the following year.

In value terms, wooden frame exports shrank slightly to $X in 2023. Total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

Turkey (X units) and Saudi Arabia (X units) represented the largest exporters of wooden frames for paintings, photographs, mirrors or similar objects in 2023, accounting for near X% and X% of total exports, respectively. It was distantly followed by the United Arab Emirates (X units), Iran (X units) and Israel (X units), together generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest wooden frame supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Saudi Arabia, with an X% share.

In Turkey, wooden frame exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Wooden Frame Imports

Imports in the Middle East

In 2023, approx. X units of wooden frames for paintings, photographs, mirrors or similar objects were imported in the Middle East; increasing by X% on the previous year's figure. In general, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, wooden frame imports expanded markedly to $X in 2023. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of wooden frame imports in 2023 were Israel (X units), the United Arab Emirates (X units) and Turkey (X units), together resulting at X% of total import. It was distantly followed by Iraq (X units) and Bahrain (X units), together comprising a X% share of total imports. Kuwait (X units) and Jordan (X units) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Iraq, Kuwait, Bahrain and Jordan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, 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 2023, the import price in the Middle East amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform