Middle East: Matches Market 2024

Matches Market Size in the Middle East

The Middle Eastern matches market expanded to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Matches Production in the Middle East

In value terms, matches production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Matches Exports

Exports in the Middle East

Matches exports skyrocketed to X tons in 2023, growing by X% compared with the previous year. In general, exports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, matches exports amounted to $X in 2023. Total exports indicated a modest increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporter of matches in the Middle East, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Oman (X%) and Iran (X%).

From 2012 to 2023, average annual rates of growth with regard to matches exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Oman and Turkey increased by X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price, however, recorded a tangible expansion. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Matches Imports

Imports in the Middle East

In 2023, imports of matches in the Middle East declined to X tons, with a decrease of X% on the year before. Over the period under review, imports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, matches imports stood at $X in 2023. Overall, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Yemen (X tons) was the key importer of matches, comprising X% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Oman (X tons), Israel (X tons) and Iran (X tons). All these countries together took near X% share of total imports. Turkey (X tons) and Kuwait (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest matches importing markets in the Middle East were the United Arab Emirates ($X), Yemen ($X) and Israel ($X), together accounting for X% of total imports. Oman, Turkey, Iran and Kuwait lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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 Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform