MENA: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in MENA

The MENA's machinery electrical parts market dropped to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a buoyant 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Machinery Electrical Parts Production in MENA

In value terms, machinery electrical parts production contracted to $X in 2022 estimated in export price. The total production indicated a prominent 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Machinery Electrical Parts Exports

Exports in MENA

After three years of growth, overseas shipments of electrical parts of machinery or apparatus decreased by X% to X tons in 2022. Overall, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, machinery electrical parts exports reduced to $X in 2022. Over the period under review, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

The United Arab Emirates represented the main exporter of electrical parts of machinery or apparatus in MENA, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Morocco (X tons) took the second position in the ranking, followed by Tunisia (X tons), Turkey (X tons) and Israel (X tons). All these countries together took near X% share of total exports.

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

In value terms, Tunisia ($X) remains the largest machinery electrical parts supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with an X% share of total exports. It was followed by Turkey, with a X% share.

In Tunisia, machinery electrical parts 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: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Tunisia ($X per ton), while the United Arab Emirates ($X per ton) 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 more modest paces of growth.

Machinery Electrical Parts Imports

Imports in MENA

In 2022, the amount of electrical parts of machinery or apparatus imported in MENA declined significantly to X tons, reducing by X% on the previous year. Over the period under review, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, machinery electrical parts imports shrank significantly to $X in 2022. In general, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Turkey dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total imports. Tunisia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the electrical parts of machinery or apparatus imports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates and Tunisia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) constitutes the largest market for imported electrical parts of machinery or apparatus in MENA, comprising X% of total imports. The second position in the ranking was held by Tunisia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price 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, machinery electrical parts import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Tunisia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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