Middle East: Stainless Steel Tableware Market 2020

Stainless Steel Tableware Market Size in Middle East

The revenue of the stainless steel tableware market in Middle East amounted to $X in 2017, approximately reflecting the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when market value increased by X% year-to-year. The level of stainless steel tableware consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Stainless Steel Tableware Production in Middle East

In 2017, approx. X units of table flatware of stainless steel were produced in Middle East; flattening at the previous year. The stainless steel tableware production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016, when it surged by X% against the previous year. Over the period under review, the stainless steel tableware production reached its peak figure volume in 2017, and is likely to continue its growth in the immediate term.

Stainless Steel Tableware Exports in Middle East

In 2017, stainless steel tableware exports in Middle East stood at X units, going up by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2014, with an increase of X% against the previous year. In that year, the stainless steel tableware exports attained their peak volume of X units. From 2015 to 2017, growth of the stainless steel tableware exports stood at a somewhat lower level.

In value terms, stainless steel tableware exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. In that year, the stainless steel tableware exports reached their peak level of $X. From 2015 to 2017, growth of the stainless steel tableware exports failed to regain its momentum.

Stainless Steel Tableware Exports by Country in Middle East

The United Arab Emirates prevails in stainless steel tableware exports structure, amounting to X units, which was near X% of total exports in 2017. It was distantly followed by Turkey (X units), committing X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to stainless steel tableware exports from the United Arab Emirates stood at +X%. At the same time, Turkey (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. While the share of Turkey (-X%) and the United Arab Emirates (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest stainless steel tableware supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports.

From 2007 to 2017, the average annual growth rate of value in the United Arab Emirates totaled +X%.

Stainless Steel Tableware Export Prices by Country in Middle East

The stainless steel tableware export price in Middle East stood at $X per thousand units in 2017, approximately equating the previous year. The stainless steel tableware export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the export prices for table flatware of stainless steel attained its maximum level of $X per thousand units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Turkey ($X per thousand units), while the United Arab Emirates ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year).

Stainless Steel Tableware Imports in Middle East

In 2017, approx. X units of table flatware of stainless steel were imported in Middle East; therefore, remained relatively stable against the previous year. The stainless steel tableware imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the stainless steel tableware imports attained its maximum volume of X units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, stainless steel tableware imports stood at $X in 2017. The stainless steel tableware imports continue to indicate a mild reduction. In that year, the stainless steel tableware imports attained their peak level of $X. From 2012 to 2017, growth of the stainless steel tableware imports failed to regain its momentum.

Stainless Steel Tableware Imports by Country in Middle East

The United Arab Emirates (X units), Saudi Arabia (X units), Iran (X units) and Turkey (X units) represented roughly X% of total imports of table flatware of stainless steel in 2017. Israel (X units), Kuwait (X units) and Lebanon (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel tableware markets worldwide were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total imports. Israel, Iran, Kuwait and Lebanon lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Iran (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Stainless Steel Tableware Import Prices by Country in Middle East

The stainless steel tableware import price in Middle East stood at $X per thousand units in 2017, approximately mirroring the previous year. The stainless steel tableware import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. In that year, the import prices for table flatware of stainless steel reached their peak level of $X per thousand units. From 2012 to 2017, growth of the import prices for table flatware of stainless steel failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Israel ($X per unit), while Iran ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform