MENA: Electrical Signalling Apparatus Market 2023

Electrical Signalling Apparatus Market Size in MENA

After two years of growth, the MENA's electrical signalling apparatus market decreased by -10.2% to $X in 2022. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Electrical Signalling Apparatus Production in MENA

In value terms, electrical signalling apparatus production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 31%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Electrical Signalling Apparatus Exports

Exports in MENA

After three years of decline, shipments abroad of electrical apparatus for sound or visual signalling increased by 47% to X units in 2022. In general, exports, however, saw a abrupt decline. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical signalling apparatus exports surged to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of electrical apparatus for sound or visual signalling, namely Israel, Turkey, Tunisia and the United Arab Emirates, represented more than two-thirds of total export. It was distantly followed by Saudi Arabia (X units), creating a 7.2% share of total exports. Morocco (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +9.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest electrical signalling apparatus supplier in MENA, comprising 72% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 10% share of total exports. It was followed by Turkey, with a 9.6% share.

In Israel, electrical signalling apparatus exports declined by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (-24.6% per year) and Turkey (+10.6% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of 6.7% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 26%. The level of export peaked 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 Israel ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.8%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in MENA

In 2022, supplies from abroad of electrical apparatus for sound or visual signalling increased by 6.5% to X units, rising for the second consecutive year after two years of decline. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical signalling apparatus imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 15%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X units), the United Arab Emirates (X units) and Turkey (X units) represented the major importer of electrical apparatus for sound or visual signalling in MENA, generating 65% of total import. It was distantly followed by Iraq (X units), Oman (X units) and Iran (X units), together constituting a 19% share of total imports. Kuwait (X units) held a little share 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 Morocco (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical signalling apparatus importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), with a combined 53% share of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +21.8%, recorded 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, reducing by -10.2% against the previous year. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 18%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Iraq ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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