MENA: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in MENA

After two years of decline, the MENA's stainless steel household articles market increased by X% to $X in 2022. Overall, consumption showed strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in MENA

In value terms, stainless steel household articles production dropped remarkably to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports in MENA

Stainless steel household articles exports skyrocketed to X units in 2022, rising by X% compared with the previous year's figure. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stainless steel household articles exports surged to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, Turkey ($X) remains the largest stainless steel household articles supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, stainless steel household articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a slight decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 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 the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports in MENA

In 2022, the amount of table, kitchen or household articles and parts of stainless steel imported in MENA dropped to X units, waning by X% against 2021. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel household articles imports shrank remarkably to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Morocco (X units), Algeria (X units), Egypt (X units), Qatar (X units), Libya (X units) and Israel (X units) represented the largest importers of table, kitchen or household articles and parts of stainless steel, together achieving X% of total imports. Turkey (X units), Djibouti (X units), Oman (X units), Lebanon (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Djibouti (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported table, kitchen or household articles and parts of stainless steel in MENA, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Iraq (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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