MENA: Manostat Market 2024

Manostat Market Size in MENA

The MENA's manostat market reached $X in 2022, approximately mirroring the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Manostat Production in MENA

In value terms, manostat production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 27% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Manostat Exports

Exports in MENA

In 2022, the amount of manostats exported in MENA skyrocketed to X units, picking up by 21% compared with the year before. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 51% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, manostat exports skyrocketed to $X in 2022. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was approx. 97% of total exports in 2022. Israel (X units) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the manostats exports, with a CAGR of +16.1% from 2012 to 2022. At the same time, Israel (+15.4%) displayed positive paces of growth. While the share of Turkey (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest manostat supplier in MENA, comprising 67% of total exports. The second position in the ranking was taken by Israel ($X), with a 20% share of total exports.

In Turkey, manostat exports increased at an average annual rate of +16.2% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with an increase of 22% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 32%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Israel ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.6%).

Manostat Imports

Imports in MENA

In 2022, manostat imports in MENA shrank to X units, which is down by -8% compared with the year before. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 37%. Over the period under review, imports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, manostat imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 12%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Turkey dominates imports structure, amounting to X units, which was near 74% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units) and Iran (X units), together mixing up a 13% share of total imports. Algeria (X units), Egypt (X units) and Tunisia (X units) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, the United Arab Emirates (+6.7%) and Iran (+6.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +6.7% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, Tunisia (-8.2%) and Algeria (-12.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Iran increased by +9, +3 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported manostats in MENA, comprising 37% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Algeria, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +6.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.5% per year) and Algeria (-1.1% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, increasing by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 31%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform