MENA: Wooden Office Furniture Market 2024

Wooden Office Furniture Market Size in MENA

The MENA's wooden office furniture market reduced slightly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a slight setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Wooden Office Furniture Production in MENA

In value terms, wooden office furniture production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a slight increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wooden Office Furniture Exports

Exports in MENA

In 2022, shipments abroad of wooden furniture of a kind used in offices increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Total exports indicated a modest expansion 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. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wooden office furniture exports soared to $X in 2022. Total exports indicated a tangible expansion 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporter of wooden furniture of a kind used in offices in MENA, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%). Jordan (X units), Palestine (X units) and Egypt (X units) held a relatively small share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of wooden furniture of a kind used in offices. At the same time, Kuwait (X%), Jordan (X%), Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Egypt (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Export price indicated a modest increase 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, wooden office furniture export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Wooden Office Furniture Imports

Imports in MENA

In 2022, overseas purchases of wooden furniture of a kind used in offices increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden office furniture imports stood at $X in 2022. Overall, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait (X units) and the United Arab Emirates (X units) represented roughly X% of total imports in 2022. Israel (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%), Oman (X%), Iraq (X%) and Qatar (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Israel, Morocco, Oman and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Israel, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in MENA amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Iraq ($X per unit), while Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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