Middle East: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in the Middle East

The Middle Eastern plaits and basketwork market fell to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined in the following year.

Plaits And Basketwork Production in the Middle East

In value terms, plaits and basketwork production contracted modestly to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports in the Middle East

In 2022, approx. X tons of plaits, basketwork, wickerwork and similar products of plaiting materials were exported in the Middle East; waning by X% compared with 2021 figures. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plaits and basketwork exports shrank to $X in 2022. Total exports indicated pronounced 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of plaits, basketwork, wickerwork and similar products of plaiting materials, namely the United Arab Emirates, Iran and Turkey, represented more than two-thirds of total export. It was distantly followed by Saudi Arabia (X tons), Syrian Arab Republic (X tons) and Jordan (X tons), together creating a X% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plaits and basketwork supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together accounting for X% of total exports. Saudi Arabia, Jordan, Syrian Arab Republic and Oman lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Jordan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Turkey ($X per ton), while Syrian Arab Republic ($X per ton) 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 more modest paces of growth.

Plaits And Basketwork Imports

Imports in the Middle East

In 2022, overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plaits and basketwork imports fell to $X in 2022. Total imports indicated a notable 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the major importer of plaits, basketwork, wickerwork and similar products of plaiting materials, mixing up X% of total imports. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Turkey (X%) and Iraq (X%). The following importers - Kuwait (X tons) and Oman (X tons) - each finished at a X% share of total imports.

Saudi Arabia experienced a relatively flat trend pattern with regard to volume of imports of plaits, basketwork, wickerwork and similar products of plaiting materials. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%), the United Arab Emirates (X%), Iraq (X%), Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Saudi Arabia and Kuwait increased by 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 plaits and basketwork importing markets in the Middle East were Saudi Arabia ($X), Israel ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

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 the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Kuwait ($X per ton), while Iraq ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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