MENA: Optical Telescope Market 2024

Optical Telescope Market Size in MENA

In 2021, the MENA's optical telescope market increased by 29% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Optical Telescope Production in MENA

In value terms, optical telescope production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Optical Telescope Exports

Exports in MENA

In 2021, shipments abroad of optical telescopes decreased by -47.7% to X units, falling for the fourth year in a row after three years of growth. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 295%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, optical telescope exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 286%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Israel (X units) and Saudi Arabia (X units) were the major exporters of optical telescopes in 2021, reaching near 49% and 34% of total exports, respectively. It was distantly followed by the United Arab Emirates (X units), constituting an 11% share of total exports. Iran (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest optical telescope supplier in MENA, comprising 92% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 3.8% share of total exports. It was followed by Iran, with a 1.9% share.

In Israel, optical telescope exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+29.9% per year) and Iran (-7.8% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, picking up by 502% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+32.0%), while the other leaders experienced mixed trends in the export price figures.

Optical Telescope Imports

Imports in MENA

In 2021, overseas purchases of optical telescopes increased by 63% to X units, rising for the second year in a row after four years of decline. In general, imports showed strong growth. The growth pace was the most rapid in 2014 with an increase of 121% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, optical telescope imports soared to $X in 2021. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Algeria represented the largest importing country with an import of about X units, which finished at 69% of total imports. It was distantly followed by Turkey (X units), mixing up an 18% share of total imports. Israel (X units), Morocco (X units) and the United Arab Emirates (X units) held a relatively small share of total imports.

Algeria was also the fastest-growing in terms of the optical telescopes imports, with a CAGR of +29.1% from 2012 to 2021. At the same time, Morocco (+12.8%) and Turkey (+10.9%) displayed positive paces of growth. By contrast, the United Arab Emirates (-5.3%) and Israel (-18.7%) illustrated a downward trend over the same period. Algeria (+57 p.p.) and Turkey (+5.5 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Israel saw its share reduced by -3.4% and -36.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, with a combined 92% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +16.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, rising by 107% against the previous year. Over the period under review, the import price, however, showed a slight slump. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform