Middle East: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in the Middle East

The Middle Eastern wooden furniture treatments market contracted slightly to $X in 2021, which is down by -3.2% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Wooden Furniture Treatments Production in the Middle East

In value terms, wooden furniture treatments production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wooden Furniture Treatments Exports

Exports in the Middle East

In 2021, the amount of polishes and creams for wooden furniture and floors exported in the Middle East fell to X tons, shrinking by -7% on 2020 figures. Over the period under review, exports saw a mild descent. The pace of growth appeared the most rapid in 2013 with an increase of 52%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden furniture treatments exports expanded markedly to $X in 2021. In general, exports showed a mild slump. The pace of growth was the most pronounced in 2013 with an increase of 35%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Turkey (X tons) were the main exporters of polishes and creams for wooden furniture and floors in 2021, recording near 47% and 40% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons), generating a 10% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +10.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 97% of total exports.

The United Arab Emirates, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 23% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the other leaders experienced a decline in the export price figures.

Wooden Furniture Treatments Imports

Imports in the Middle East

Wooden furniture treatments imports contracted notably to X tons in 2021, which is down by -28.1% compared with the year before. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, wooden furniture treatments imports declined notably to $X in 2021. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 11% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Oman (X tons), distantly followed by Israel (X tons), Kuwait (X tons), the United Arab Emirates (X tons), Turkey (X tons) and Qatar (X tons) represented the main importers of polishes and creams for wooden furniture and floors, together generating 83% of total imports. Jordan (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +19.8%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Israel ($X), Turkey ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. Qatar, the United Arab Emirates, Oman and Jordan lagged somewhat behind, together accounting for a further 39%.

Among the main importing countries, Oman, with a CAGR of +17.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2019 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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