MENA: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in MENA

The MENA's cable-making machine market shrank to $X in 2022, dropping by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Cable-Making Machine Production in MENA

In value terms, cable-making machine production reached $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cable-Making Machine Exports

Exports in MENA

In 2022, shipments abroad of rope or cable-making machines increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, cable-making machine exports skyrocketed to $X in 2022. Overall, exports recorded a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units), Morocco (X units) and Israel (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest cable-making machine supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In Turkey, cable-making machine exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 Morocco ($X per unit), while the United Arab Emirates ($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 (X%), while the other leaders experienced a decline in the export price figures.

Cable-Making Machine Imports

Imports in MENA

Cable-making machine imports surged to X units in 2022, picking up by X% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, cable-making machine imports soared to $X in 2022. In general, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Egypt was the main importer of rope or cable-making machines in MENA, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Bahrain (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Morocco (X%), Tunisia (X%), the United Arab Emirates (X%) and Iran (X%).

Egypt was also the fastest-growing in terms of the rope or cable-making machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Bahrain (X%) displayed positive paces of growth. By contrast, Tunisia (X%), the United Arab Emirates (X%), Morocco (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, Turkey and Bahrain increased by X, X and X percentage points, respectively.

In value terms, the largest cable-making machine importing markets in MENA were Turkey ($X), Egypt ($X) and Morocco ($X), with a combined X% share of total imports.

Among the main importing countries, Egypt, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform