MENA: Market for Vacuum Flasks and Vessels 2024

Market Size for Vacuum Flasks and Vessels in MENA

The MENA's vacuum flask and vessel market shrank to $X in 2022, waning by X% against the previous year. Over the period under review, consumption saw a pronounced descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Flasks and Vessels in MENA

In value terms, vacuum flask and vessel production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Vacuum Flasks and Vessels

Exports in MENA

In 2022, vacuum flask and vessel exports in MENA skyrocketed to X units, with an increase of X% against 2021. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vacuum flask and vessel exports skyrocketed to $X in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) was the major exporter of vacuum flasks and vessels, achieving X% of total exports. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by Iran (X%) and Saudi Arabia (X%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum flask and vessel exports from the United Arab Emirates stood at X%. At the same time, Oman (X%), Turkey (X%), Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.), Turkey (X p.p.), Iran (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest vacuum flask and vessel supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vacuum Flasks and Vessels

Imports in MENA

Vacuum flask and vessel imports reduced to X units in 2022, with a decrease of X% on 2021 figures. In general, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vacuum flask and vessel imports shrank to $X in 2022. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X units, which recorded X% of total imports. Yemen (X units) took the second position in the ranking, followed by Algeria (X units), Iraq (X units), Turkey (X units) and Iran (X units). All these countries together held approx. X% share of total imports. Morocco (X units), Kuwait (X units), Djibouti (X units), Israel (X units), Oman (X units), Libya (X units) and Qatar (X units) held a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Djibouti (X%), Iraq (X%), Qatar (X%), Israel (X%) and Oman (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Kuwait and Turkey experienced a relatively flat trend pattern. By contrast, Yemen (X%), Libya (X%), Morocco (X%), Algeria (X%) and Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Kuwait (X p.p.), Djibouti (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.), Israel (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Morocco, Algeria and Iran saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum flask and vessel importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), with a combined X% share of total imports. Algeria, Israel, Iran, Iraq, Yemen, Morocco, Djibouti, Oman, Qatar and Libya lagged somewhat behind, together comprising a further X%.

Djibouti, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in MENA amounted to $X per unit, increasing by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum flask and vessel import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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