MENA: Compression Type Mould Market 2024

Compression Type Mould Market Size in MENA

In 2022, the MENA's compression type mould market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Compression Type Mould Production in MENA

In value terms, compression type mould production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Compression Type Mould Exports

Exports in MENA

In 2022, compression type mould exports in MENA fell slightly to X units, waning by X% against 2021 figures. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, compression type mould exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Turkey dominates exports structure, accounting for 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.

From 2012 to 2022, average annual rates of growth with regard to compression type mould exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%), Morocco (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest compression type mould supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Morocco, with a X% share.

In Turkey, compression type mould exports expanded 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: the United Arab Emirates (X% per year) and Morocco (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a slight decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the export price figures.

Compression Type Mould Imports

Imports in MENA

In 2022, purchases abroad of injection or compression type moulds for rubber or plastics increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, compression type mould imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, 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 X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Turkey represented the major importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Iran (X units), Algeria (X units), Morocco (X units), Israel (X units) and Tunisia (X units), together generating a X% share of total imports. The following importers - the United Arab Emirates (X units) and Egypt (X units) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Algeria (X%), Iran (X%), the United Arab Emirates (X%), Tunisia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Egypt (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported injection or compression type moulds for rubber or plastics in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, compression type mould imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Egypt ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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