MENA: Prisms And Mirrors Market 2024

Prisms And Mirrors Market Size in MENA

The MENA's prisms and mirrors market skyrocketed to $X in 2022, jumping by 21% against the previous year. Over the period under review, consumption showed a significant expansion. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Prisms And Mirrors Production in MENA

In value terms, prisms and mirrors production fell to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,124% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Prisms And Mirrors Exports

Exports in MENA

After three years of growth, overseas shipments of prisms and mirrors decreased by -8% to X tons in 2022. In general, exports showed a noticeable setback. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, prisms and mirrors exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Israel was the major exporter of prisms and mirrors in MENA, with the volume of exports finishing at X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Turkey (X tons), comprising an 11% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to prisms and mirrors exports from Israel stood at -5.0%. At the same time, Turkey (+11.8%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +11.8% from 2012-2022. Turkey (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -8.3% from 2012 to 2022, respectively.

In value terms, Israel ($X) remains the largest prisms and mirrors supplier in MENA, comprising 99% of total exports. The second position in the ranking was taken by Turkey ($X), with a 0.6% share of total exports.

In Israel, prisms and mirrors exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 1.5% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prisms and mirrors export price decreased by -9.4% against 2016 indices. The growth pace was the most rapid in 2016 an increase of 58%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.3%).

Prisms And Mirrors Imports

Imports in MENA

Prisms and mirrors imports surged to X tons in 2022, increasing by 18% against 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 226% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, prisms and mirrors imports expanded notably to $X in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) was the major importer of prisms and mirrors, committing 82% of total imports. It was distantly followed by Egypt (X tons), committing a 15% share of total imports. Israel (X tons) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +42.0% from 2012 to 2022. At the same time, Egypt (+47.3%) and Israel (+10.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of +47.3% from 2012-2022. While the share of Turkey (+26 p.p.) and Egypt (+7.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (-25 p.p.) displayed negative dynamics.

In value terms, Israel ($X) constitutes the largest market for imported prisms and mirrors in MENA, comprising 59% of total imports. The second position in the ranking was taken by Turkey ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel totaled +9.7%. In the other countries, the average annual rates were as follows: Turkey (+17.2% per year) and Egypt (+32.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, reducing by -8.6% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 9.9%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform