MENA: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in MENA

The MENA's optical radiation instruments market was estimated at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. The level of consumption peaked at $X.4B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Optical Radiation Instruments Production in MENA

In value terms, optical radiation instruments production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports in MENA

For the fourth year in a row, MENA recorded growth in overseas shipments of instruments using optical radiations, which increased by X% to X units in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, optical radiation instruments exports soared to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Israel (X units) was the largest exporter of instruments using optical radiations, mixing up X% of total exports. Tunisia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%).

Exports from Israel increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Tunisia (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest optical radiation instruments supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a abrupt slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Israel ($X per unit), while Tunisia ($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 (X%), while the other leaders experienced a decline in the export price figures.

Optical Radiation Instruments Imports

Imports in MENA

In 2022, the amount of instruments using optical radiations imported in MENA was estimated at X units, surging by X% on the year before. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, optical radiation instruments imports totaled $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2014 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the three major importers of instruments using optical radiations, namely Qatar, Turkey and the United Arab Emirates, represented more than half of total import. Kuwait (X units) took the next position in the ranking, followed by Algeria (X units) and Israel (X units). All these countries together held near X% share of total imports. Morocco (X units) followed a long way behind the leaders.

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

In value terms, the largest optical radiation instruments importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share of total imports. Kuwait, Algeria, Qatar and Morocco lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, saw the highest growth rate of 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. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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