MENA: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in MENA

The MENA's cast iron household articles market rose markedly to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Table, Kitchen Or Household Articles Of Cast Iron in MENA

In value terms, cast iron household articles production rose significantly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in MENA

In 2023, the amount of table, kitchen or household articles of cast iron exported in MENA declined to X tons, waning by X% against 2022 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cast iron household articles exports reduced slightly to $X in 2023. Over the period under review, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporter of table, kitchen or household articles of cast iron in MENA, with the volume of exports reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. The following exporters - Iran (X tons) and Egypt (X tons) - each accounted for a X% share of total exports.

Turkey was also the fastest-growing in terms of the table, kitchen or household articles of cast iron exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Iran (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, cast iron household articles exports expanded 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 Egypt (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while the United Arab Emirates ($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 more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in MENA

In 2023, the amount of table, kitchen or household articles of cast iron imported in MENA soared to X tons, jumping by X% against the year before. Over the period under review, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, cast iron household articles imports skyrocketed to $X in 2023. In general, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Saudi Arabia (X tons) was the largest importer of table, kitchen or household articles of cast iron, achieving X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Jordan (X tons), Turkey (X tons), Oman (X tons) and Egypt (X tons), together mixing up a X% share of total imports. The following importers - Iraq (X tons), Israel (X tons), Kuwait (X tons), Qatar (X tons), Bahrain (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to cast iron household articles imports into Saudi Arabia stood at X%. At the same time, Bahrain (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Turkey experienced a relatively flat trend pattern. By contrast, Iraq (X%), Kuwait (X%), Oman (X%), the United Arab Emirates (X%), Jordan (X%), Lebanon (X%), Qatar (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia, Turkey, Israel, Iraq, Bahrain and the United Arab Emirates increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cast iron household articles importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Jordan ($X), with a combined X% share of total imports. Turkey, Oman, Egypt, Israel, Kuwait, Iraq, Qatar, Bahrain and Lebanon lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bahrain, 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

The import price in MENA stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price 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, cast iron household articles import price increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted 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 ($X per ton), while Lebanon ($X per ton) 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