MENA: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in MENA

The MENA's liquid supply meter market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Liquid Supply Meter Production in MENA

In value terms, liquid supply meter production rose remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Liquid Supply Meter Exports

Exports in MENA

For the fourth year in a row, MENA recorded growth in overseas shipments of liquid supply or production meters, which increased by X% to X units in 2022. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, liquid supply meter exports surged to $X in 2022. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey was the largest exporting country with an export of about X units, which amounted to X% of total exports. Israel (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). The United Arab Emirates (X units) held a minor share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Tunisia (X%), the United Arab Emirates (X%) and Israel (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. From 2012 to 2022, the share of Tunisia and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Israel ($X) and Tunisia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Liquid Supply Meter Imports

Imports in MENA

In 2022, overseas purchases of liquid supply or production meters increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a measured 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 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, liquid supply meter imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Iraq (X units) represented the main importer of liquid supply or production meters, generating X% of total imports. Turkey (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Yemen (X%), Kuwait (X%), the United Arab Emirates (X%) and Iran (X%). Israel (X units), Morocco (X units), Oman (X units), Egypt (X units), Algeria (X units), Libya (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to liquid supply meter imports into Iraq stood at X%. At the same time, Kuwait (X%), Israel (X%), Libya (X%), Turkey (X%), Algeria (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Yemen (X%), the United Arab Emirates (X%), Bahrain (X%), Morocco (X%), Egypt (X%) and Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Turkey (X p.p.), Kuwait (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain, Yemen, the United Arab Emirates, Morocco, Egypt and Iran saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Kuwait, with a CAGR of X%, recorded 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, reducing by X% against the previous year. Overall, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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