MENA: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in MENA

After two years of growth, the MENA's geometrical quantities electronic measurer market decreased by -5.9% to $X in 2022. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in MENA

In value terms, geometrical quantities electronic measurer production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 26%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in MENA

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities exported in MENA dropped slightly to X units, which is down by -3.9% against 2021. Total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, geometrical quantities electronic measurer exports reduced to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Turkey (X units) and Israel (X units) dominates exports structure, together comprising 83% of total exports. It was distantly followed by the United Arab Emirates (X units), achieving a 6.7% share of total exports. Saudi Arabia (X units), Oman (X units) and Tunisia (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest geometrical quantities electronic measurer supplier in MENA, comprising 78% of total exports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 4.2% share.

In Israel, geometrical quantities electronic measurer exports expanded at an average annual rate of +8.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+12.9% per year) and the United Arab Emirates (-0.4% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, waning by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2018 an increase of 34%. The level of export peaked at $X per unit in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in MENA

For the third consecutive year, MENA recorded growth in purchases abroad of electronic instruments and machines for measuring geometrical quantities, which increased by 0.1% to X units in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, geometrical quantities electronic measurer imports reached $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 20%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Turkey was the major importer of electronic instruments and machines for measuring geometrical quantities in MENA, with the volume of imports amounting to X units, which was near 49% of total imports in 2022. The United Arab Emirates (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Israel (8.6%), Morocco (5.8%) and Iraq (4.6%). Algeria (X units) and Kuwait (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to geometrical quantities electronic measurer imports into Turkey stood at +3.1%. At the same time, Kuwait (+8.3%), Israel (+7.5%), Iraq (+6.9%), Morocco (+6.1%), the United Arab Emirates (+5.0%) and Algeria (+2.4%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +8.3% from 2012-2022. From 2012 to 2022, the share of Israel and the United Arab Emirates increased by +3 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest geometrical quantities electronic measurer importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 64% share of total imports. Algeria, Morocco, Iraq and Kuwait lagged somewhat behind, together accounting for a further 18%.

In terms of the main importing countries, Algeria, with a CAGR of +17.4%, saw the highest growth rate of 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

The import price in MENA stood at $X per unit in 2022, increasing by 2.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 11%. As a result, import price attained the peak level of $X per unit. From 2020 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 Algeria ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform