Middle East: Wooden Frame Market 2024

Wooden Frame Market Size in the Middle East

The Middle Eastern wooden frame market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wooden Frame Production in the Middle East

In value terms, wooden frame production reduced to $X in 2022 estimated in export price. The total production indicated a noticeable increase 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 most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports in the Middle East

In 2022, shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects increased by X% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, wooden frame exports surged to $X in 2022. In general, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X units) and the United Arab Emirates (X units) represented the main exporters of wooden frames for paintings, photographs, mirrors or similar objects in the Middle East, together recording near X% of total exports. It was distantly followed by Saudi Arabia (X units) and Iran (X units), together generating a X% share of total exports.

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

In value terms, the largest wooden frame supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together comprising X% of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by X% against the previous year. Export price indicated a buoyant 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 frame export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Wooden Frame Imports

Imports in the Middle East

In 2022, wooden frame imports in the Middle East shrank to X units, reducing by X% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, wooden frame imports fell modestly to $X in 2022. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of wooden frame imports in 2022 were the United Arab Emirates (X units), Bahrain (X units) and Israel (X units), together reaching X% of total import. Turkey (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%). The following importers - Qatar (X units) and Kuwait (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Bahrain, Qatar, Iraq and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of 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

The import price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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