MENA: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in MENA

After two years of growth, the MENA's pneumatic linear acting actuator market decreased by -6.1% to $X in 2022. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Pneumatic Linear Acting Actuators in MENA

In value terms, pneumatic linear acting actuator production dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 78%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in MENA

In 2022, exports of pneumatic linear acting actuators in MENA skyrocketed to X units, picking up by 45% on 2021. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, pneumatic linear acting actuator exports rose remarkably to $X in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of 82% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporting country with an export of around X units, which amounted to 58% of total exports. Israel (X units) ranks second in terms of the total exports with a 23% share, followed by the United Arab Emirates (8.5%) and Saudi Arabia (7.9%).

Exports from Turkey increased at an average annual rate of +19.3% from 2012 to 2022. At the same time, Saudi Arabia (+65.0%), Israel (+25.7%) and the United Arab Emirates (+17.1%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +65.0% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia and Israel increased by +7.6 and +7.4 percentage points, respectively.

In value terms, the largest pneumatic linear acting actuator supplying countries in MENA were Israel ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 91% of total exports.

Saudi Arabia, with a CAGR of +46.2%, recorded the highest growth rate of the value of exports, in terms of 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, reducing by -26% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the export price increased by 29% against the previous year. The level of export peaked at $X per unit in 2021, and then declined sharply 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 ($X per unit), while the United Arab Emirates ($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 (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in MENA

After six years of growth, supplies from abroad of pneumatic linear acting actuators decreased by -0.4% to X units in 2022. Over the period under review, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, pneumatic linear acting actuator imports shrank remarkably to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 53%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in imports structure, together mixing up 71% of total imports. Israel (X units) took the next position in the ranking, followed by Iran (X units). All these countries together held near 13% share of total imports. The following importers - Algeria (X units), Libya (X units) and Iraq (X units) - together made up 8% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Algeria (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic linear acting actuator importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 73% share of total imports. Algeria, Iran, Iraq and Libya lagged somewhat behind, together comprising a further 10%.

Algeria, with a CAGR of +27.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, which is down by -18.4% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when the import price increased by 20% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while Libya ($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 (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform