Middle East: Table Knife Market 2024

Table Knife Market Size in the Middle East

The Middle Eastern table knife market expanded rapidly to $X in 2023, rising by X% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Table Knife Production in the Middle East

In value terms, table knife production expanded remarkably to $X in 2023 estimated in export price. In general, production saw a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Table Knife Exports

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in shipments abroad of table knives, which increased by X% to X units in 2023. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, table knife exports expanded sharply to $X in 2023. Over the period under review, exports posted a resilient expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the near future.

Exports by Country

In 2023, Turkey (X units) was the main exporter of table knives, committing X% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports. Saudi Arabia (X units) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest table knife supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, table knife exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Table Knife Imports

Imports in the Middle East

In 2023, after two years of growth, there was decline in overseas purchases of table knives, when their volume decreased by X% to X units. Total imports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, table knife imports declined to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) and Turkey (X units) were the main importers of table knives in the Middle East, together making up X% of total imports. It was distantly followed by Iraq (X units), Israel (X units), Qatar (X units) and Lebanon (X units), together achieving a X% share of total imports. Iran (X units) took a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Iraq, Qatar, Iran and Lebanon lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, recorded 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 2023, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform