MENA: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in MENA

The MENA's built-in jacking system market stood at $X in 2022, with an increase of X% against the previous year. The total consumption indicated slight growth 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Built-In Jacking System Production in MENA

In value terms, built-in jacking system production stood at $X in 2022 estimated in export price. The total production indicated a slight 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Built-In Jacking System Exports

Exports in MENA

Built-in jacking system exports fell notably to X units in 2022, shrinking by X% compared with the year before. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, built-in jacking system exports reduced markedly to $X in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the main exporter of built-in jacking systems of a type used in garages for raising vehicles in MENA, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Israel (X%) and Kuwait (X%). Bahrain (X units) and Lebanon (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to built-in jacking system exports from Turkey stood at X%. At the same time, Kuwait (X%), Israel (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel, Kuwait, the United Arab Emirates and Lebanon increased by X, X, X and X percentage points, respectively.

In value terms, the largest built-in jacking system supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X), together accounting for X% of total exports. Israel, Lebanon and Bahrain lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Built-In Jacking System Imports

Imports in MENA

In 2022, purchases abroad of built-in jacking systems of a type used in garages for raising vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a temperate 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 pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. 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, built-in jacking system imports rose rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of built-in jacking systems of a type used in garages for raising vehicles, namely Turkey, Israel and Qatar, represented more than half of total import. Kuwait (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (X%), the United Arab Emirates (X%), Morocco (X%) and Iraq (X%).

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and Kuwait ($X) appeared to be 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 growth rate of the value of imports, among 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

The import price in MENA stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when the import price increased by 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Iraq ($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 import price figures.

Source: IndexBox Platform

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