MENA: Multitask Printer Market 2024

Multitask Printer Market Size in MENA

The MENA's multitask printer market fell dramatically to $X in 2022, which is down by -17.4% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.0% against 2020 indices. The level of consumption peaked at $X in 2021, and then contracted notably in the following year.

Multitask Printer Production in MENA

In value terms, multitask printer production declined slightly to $X in 2022 estimated in export price. Overall, production, however, posted prominent growth. The growth pace was the most rapid in 2014 when the production volume increased by 117%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Multitask Printer Exports

Exports in MENA

In 2022, the amount of multitask printers, copymachines and facsimile machines exported in MENA surged to X units, increasing by 39% compared with 2021. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, multitask printer exports soared to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 88%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X units, which resulted at 82% of total exports. It was distantly followed by Turkey (X units), making up a 13% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +17.9% from 2012 to 2022. At the same time, Turkey (+25.9%) and Saudi Arabia (+6.7%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +25.9% from 2012-2022. The United Arab Emirates (+42 p.p.) and Turkey (+9.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest multitask printer supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by Turkey ($X), with a 28% share of total exports.

In the United Arab Emirates, multitask printer exports expanded at an average annual rate of +11.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+27.7% per year) and Saudi Arabia (+3.5% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, remaining stable against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 78%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the other leaders experienced a decline in the export price figures.

Multitask Printer Imports

Imports in MENA

In 2022, the amount of multitask printers, copymachines and facsimile machines imported in MENA declined to X units, waning by -5% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 35%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, multitask printer imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The United Arab Emirates represented the largest importer of multitask printers, copymachines and facsimile machines in MENA, with the volume of imports reaching X units, which was approx. 52% of total imports in 2022. Turkey (X units) ranks second in terms of the total imports with an 18% share, followed by Israel (8%), Egypt (5.2%) and Tunisia (5%). The following importers - Morocco (X units) and Algeria (X units) - together made up 5.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to multitask printer imports into the United Arab Emirates stood at +2.3%. At the same time, Morocco (+15.9%) and Tunisia (+12.2%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.9% from 2012-2022. By contrast, Israel (-2.0%), Egypt (-2.5%), Turkey (-3.2%) and Algeria (-6.4%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+7.4 p.p.), Tunisia (+3.3 p.p.) and Morocco (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-2 p.p.), Algeria (-2.6 p.p.), Israel (-2.6 p.p.) and Turkey (-9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported multitask printers, copymachines and facsimile machines in MENA, comprising 47% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Israel, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-0.5% per year) and Israel (+2.7% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, with a decrease of -4.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform