MENA: Silencer Market 2024

Silencer Market Size in MENA

The MENA's silencer market declined to $X in 2021, which is down by -6.5% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Silencer Production in MENA

In value terms, silencer production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 21%. The level of production peaked at $X in 2020, and then declined in the following year.

Silencer Exports

Exports in MENA

In 2021, the amount of silencers and exhaust pipes exported in MENA amounted to X tons, with an increase of 11% compared with the previous year. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, silencer exports soared to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near 93% of total exports in 2021. The United Arab Emirates (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the silencers and exhaust pipes exports, with a CAGR of +2.1% from 2012 to 2021. The United Arab Emirates (-4.3%) illustrated a downward trend over the same period. While the share of Turkey (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-1.7 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest silencer supplier in MENA, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +3.8%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, rising by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%).

Silencer Imports

Imports in MENA

In 2021, supplies from abroad of silencers and exhaust pipes was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, silencer imports soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.6% against 2019 indices. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Turkey represented the key importer of silencers and exhaust pipes in MENA, with the volume of imports amounting to X tons, which was near 32% of total imports in 2021. The United Arab Emirates (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (9%), Morocco (8.4%), Iraq (7.8%), Algeria (7.1%) and Iran (6%).

Imports into Turkey increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Algeria (+5.0%), Iraq (+4.0%), the United Arab Emirates (+3.9%) and Iran (+1.9%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +5.0% from 2012-2021. By contrast, Morocco (-3.5%) and Saudi Arabia (-5.6%) illustrated a downward trend over the same period. Turkey (+7.5 p.p.), the United Arab Emirates (+2.6 p.p.), Algeria (+1.9 p.p.) and Iraq (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Morocco and Saudi Arabia saw its share reduced by -4.8% and -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported silencers and exhaust pipes in MENA, comprising 63% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.6% share of total imports. It was followed by Morocco, with a 4.9% share.

In Turkey, silencer imports increased at an average annual rate of +9.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.9% per year) and Morocco (-7.9% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform