MENA: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in MENA

The MENA's wooden furniture treatments market reduced to $X in 2023, flattening at the previous year. In general, consumption saw a noticeable setback. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Wooden Furniture Treatments Production in MENA

In value terms, wooden furniture treatments production dropped to $X in 2023 estimated in export price. Overall, production, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Wooden Furniture Treatments Exports

Exports in MENA

In 2023, the amount of polishes and creams for wooden furniture and floors exported in MENA fell to X tons, dropping by X% compared with the previous year's figure. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports fell slightly to $X in 2023. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Turkey was the key exporter of polishes and creams for wooden furniture and floors in MENA, with the volume of exports reaching X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%) and Egypt (X%). Syrian Arab Republic (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to wooden furniture treatments exports from Turkey stood at X%. At the same time, Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Saudi Arabia (X p.p.) and Syrian Arab Republic (X p.p.) displayed negative dynamics.

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

In Turkey, wooden furniture treatments exports decreased by 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: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the export price figures.

Wooden Furniture Treatments Imports

Imports in MENA

In 2023, wooden furniture treatments imports in MENA contracted to X tons, falling by X% against the previous year's figure. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, wooden furniture treatments imports fell to $X in 2023. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Oman (X tons), Libya (X tons), the United Arab Emirates (X tons), Morocco (X tons), Turkey (X tons), Kuwait (X tons), Israel (X tons), Iran (X tons), Qatar (X tons), Iraq (X tons), Jordan (X tons) and Bahrain (X tons) represented the main importer of polishes and creams for wooden furniture and floors in MENA, generating X% of total import.

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

In value terms, the largest wooden furniture treatments importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Morocco ($X), with a combined X% share of total imports. Kuwait, Israel, Libya, Oman, Qatar, Jordan, Bahrain, Iran and Iraq lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MENA stood at $X per ton in 2023, which is down by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced modestly in the following year.

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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform