MENA: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in MENA

The MENA's plaits and basketwork market fell modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced slightly in the following year.

Plaits And Basketwork Production in MENA

In value terms, plaits and basketwork production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Plaits And Basketwork Exports

Exports in MENA

For the third consecutive year, MENA recorded decline in overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials, which decreased by X% to X tons in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plaits and basketwork exports stood at $X in 2022. Total exports indicated a prominent 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, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Morocco was the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by the United Arab Emirates (X tons), Iran (X tons), Turkey (X tons), Egypt (X tons) and Saudi Arabia (X tons), together making up a X% share of total exports. Syrian Arab Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plaits and basketwork exports from Morocco stood at X%. At the same time, Saudi Arabia (X%), Turkey (X%), Egypt (X%) and Iran (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Syrian Arab Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco, Turkey, Iran, Egypt and Saudi Arabia increased by X, X, X, X and X percentage points, respectively.

In value terms, Morocco ($X) remains the largest plaits and basketwork supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Morocco stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Plaits And Basketwork Imports

Imports in MENA

In 2022, purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a mild shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

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

Imports by Country

In 2022, Saudi Arabia (X tons) was the largest importer of plaits, basketwork, wickerwork and similar products of plaiting materials, generating X% of total imports. Israel (X tons) held 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 resulted 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 MENA, 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, Saudi Arabia ($X), Israel ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among 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

The import price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: 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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