GCC's Wood Tableware and Kitchenware Market to Reach 10K Tons and $42M by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: GCC - Tableware And Kitchenware Of Wood - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the growing demand for wood tableware and kitchenware in the GCC region, with forecasts indicating a positive trend in consumption. By 2035, market volume is expected to reach 10K tons, and market value is projected to reach $42M. Despite a forecasted deceleration in market performance, the industry is still expected to experience growth over the next decade.

Driven by increasing demand for tableware and kitchenware of wood in GCC, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market volume to 10K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2024 to 2035, which is projected to bring the market value to $42M (in nominal wholesale prices) by the end of 2035.

In 2024, after two years of decline, there was significant growth in consumption of tableware and kitchenware of wood, when its volume increased by 6.6% to 9.2K tons. In general, consumption posted a prominent increase. As a result, consumption reached the peak volume of 15K tons. From 2022 to 2024, the growth of the consumption remained at a lower figure.

The size of the wood kitchenware and tableware market in GCC dropped to $30M in 2024, with a decrease of -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient increase. As a result, consumption reached the peak level of $45M. From 2022 to 2024, the growth of the market remained at a lower figure.

The countries with the highest volumes of consumption in 2024 were Saudi Arabia (3.4K tons), the United Arab Emirates (2.9K tons) and Oman (1.3K tons), with a combined 83% share of total consumption.

From 2013 to 2024, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +15.3%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest wood kitchenware and tableware markets in GCC were the United Arab Emirates ($13M), Saudi Arabia ($9.3M) and Oman ($3.4M), together accounting for 86% of the total market.

The United Arab Emirates, with a CAGR of +15.2%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

The countries with the highest levels of wood kitchenware and tableware per capita consumption in 2024 were the United Arab Emirates (281 kg per 1000 persons), Kuwait (248 kg per 1000 persons) and Oman (237 kg per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +14.1%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, production of tableware and kitchenware of wood was finally on the rise to reach 2.7K tons after two years of decline. Overall, production saw a strong increase. The growth pace was the most rapid in 2021 when the production volume increased by 56% against the previous year. Over the period under review, production reached the peak volume in 2024 and is expected to retain growth in years to come.

In value terms, wood kitchenware and tableware production rose rapidly to $7.1M in 2024 estimated in export price. Over the period under review, production saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 75%. Over the period under review, production reached the peak level in 2024 and is likely to continue growth in years to come.

The countries with the highest volumes of production in 2024 were Oman (1.1K tons), Kuwait (858 tons) and Qatar (450 tons), with a combined 87% share of total production.

From 2013 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Kuwait (with a CAGR of +8.2%), while production for the other leaders experienced more modest paces of growth.

In 2024, supplies from abroad of tableware and kitchenware of wood was finally on the rise to reach 7.7K tons after two years of decline. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 60% against the previous year. Over the period under review, imports attained the maximum at 13K tons in 2021; however, from 2022 to 2024, imports remained at a lower figure.

In value terms, wood kitchenware and tableware imports reduced to $29M in 2024. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $48M. From 2022 to 2024, the growth of imports remained at a lower figure.

Saudi Arabia (3.6K tons) and the United Arab Emirates (3.2K tons) prevails in imports structure, together mixing up 88% of total imports. It was distantly followed by Kuwait (351 tons), making up a 4.6% share of total imports. The following importers - Qatar (259 tons) and Oman (241 tons) - each accounted for a 6.5% share of total imports.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($15M), Saudi Arabia ($10M) and Qatar ($1.5M) appeared to be the countries with the highest levels of imports in 2024, with a combined 92% share of total imports.

The United Arab Emirates, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the import price in GCC amounted to $3,814 per ton, with a decrease of -18.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by 20% against the previous year. The level of import peaked at $4,678 per ton in 2023, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Qatar ($5,713 per ton), while Saudi Arabia ($2,895 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Oman (+6.2%), while the other leaders experienced mixed trends in the import price figures.

In 2024, approx. 1.2K tons of tableware and kitchenware of wood were exported in GCC; jumping by 169% compared with 2023 figures. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 210% against the previous year. Over the period under review, the exports reached the peak figure in 2024 and are expected to retain growth in years to come.

In value terms, wood kitchenware and tableware exports skyrocketed to $3.3M in 2024. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 145%. The level of export peaked in 2024 and is likely to continue growth in the immediate term.

Qatar was the main exporter of tableware and kitchenware of wood in GCC, with the volume of exports reaching 681 tons, which was near 55% of total exports in 2024. The United Arab Emirates (315 tons) took the second position in the ranking, distantly followed by Saudi Arabia (145 tons) and Kuwait (101 tons). All these countries together took approx. 45% share of total exports.

From 2013 to 2024, average annual rates of growth with regard to wood kitchenware and tableware exports from Qatar stood at +42.9%. At the same time, Saudi Arabia (+70.8%) and Kuwait (+26.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +70.8% from 2013-2024. By contrast, the United Arab Emirates (-5.0%) illustrated a downward trend over the same period. While the share of Qatar (+52 p.p.), Saudi Arabia (+12 p.p.) and Kuwait (+6.8 p.p.) increased significantly in terms of the total exports from 2013-2024, the share of the United Arab Emirates (-70.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($1.4M), Kuwait ($900K) and Qatar ($528K) appeared to be the countries with the highest levels of exports in 2024, together comprising 84% of total exports. These countries were followed by Saudi Arabia, which accounted for a further 16%.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +41.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The export price in GCC stood at $2,661 per ton in 2024, waning by -35.4% against the previous year. In general, the export price, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 an increase of 247% against the previous year. As a result, the export price attained the peak level of $4,965 per ton. From 2022 to 2024, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($8,878 per ton), while Qatar ($776 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.9%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for wood kitchenware and tableware in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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