MENA: Measuring Instrument Market 2024

Measuring Instrument Market Size in MENA

The MENA's measuring instrument market shrank notably to $X in 2022, falling by X% against the previous year. In general, consumption showed a perceptible decrease. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Measuring Instrument Production in MENA

In value terms, measuring instrument production fell slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Measuring Instrument Exports

Exports in MENA

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports skyrocketed to $X in 2022. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the major exporter of instruments and apparatus for measuring or checking the flow or level of liquids in MENA, with the volume of exports amounting to X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Oman (X units). All these countries together held near X% share of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 (X%), while the other leaders experienced a decline in the export price figures.

Measuring Instrument Imports

Imports in MENA

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in MENA; growing by X% against the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, measuring instrument imports contracted to $X in 2022. In general, imports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X units, which was near X% of total imports in 2022. The United Arab Emirates (X units) took the second position in the ranking, followed by Oman (X units) and Iran (X units). All these countries together took approx. X% share of total imports. Libya (X units), Iraq (X units) and Tunisia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to measuring instrument imports into Turkey stood at X%. At the same time, Libya (X%), Oman (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Iraq (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Libya (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Iraq (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest measuring instrument importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Oman ($X), with a combined X% share of total imports.

Oman, with a CAGR of X%, saw 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, waning by X% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs 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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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