MENA: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in MENA

In 2022, after four years of growth, there was significant decline in the MENA's personal weighing machine market, when its value decreased by -8.1% to $X. In general, consumption, however, enjoyed a prominent expansion. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Personal Weighing Machine Production in MENA

In value terms, personal weighing machine production shrank modestly to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. The level of production peaked at $X in 2021, and then dropped modestly in the following year.

Personal Weighing Machine Exports

Exports in MENA

In 2022, personal weighing machine exports in MENA shrank rapidly to X units, which is down by -31.3% against the previous year's figure. Overall, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2015 when exports increased by 78%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, personal weighing machine exports declined remarkably to $X in 2022. In general, exports continue to indicate a mild downturn. The growth pace was the most rapid in 2014 when exports increased by 117%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in exports structure, together committing 89% of total exports. The following exporters - Morocco (X units) and Bahrain (X units) - together made up 7% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +43.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Morocco ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 91% share of total exports.

Morocco, with a CAGR of +43.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a 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 Morocco ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Personal Weighing Machine Imports

Imports in MENA

In 2022, after five years of growth, there was significant decline in purchases abroad of personal weighing machines, when their volume decreased by -14.9% to X units. In general, imports, however, saw a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 51% against the previous year. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, personal weighing machine imports dropped sharply to $X in 2022. Overall, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 49% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Turkey (X units), Iraq (X units), Iran (X units) and Algeria (X units) were the largest importers of personal weighing machines, together achieving 79% of total imports. Israel (X units), Libya (X units), Morocco (X units), Yemen (X units) and Kuwait (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Yemen (with a CAGR of +57.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together accounting for 56% of total imports. Iran, Algeria, Israel, Morocco, Libya, Yemen and Kuwait lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Yemen, with a CAGR of +46.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, waning by -9.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2016 an increase of 29% 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 lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform