MENA: Memories Market 2024

Memories Market Size in MENA

The MENA's memories market expanded modestly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Memories Production in MENA

In value terms, memories production fell modestly to $X in 2022 estimated in export price. In general, production recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Memories Exports

Exports in MENA

Memories exports soared to X units in 2022, with an increase of X% against the previous year. Over the period under review, exports, however, showed a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, memories exports soared to $X in 2022. Overall, exports, however, recorded a abrupt slump. 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 hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of multichip integrated circuits: memories in MENA, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Israel (X units), making up a X% share of total exports. Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, growing by X% against the previous year. In general, the export price enjoyed temperate growth. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($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 more modest paces of growth.

Memories Imports

Imports in MENA

In 2022, overseas purchases of multichip integrated circuits: memories increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, memories imports surged to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Tunisia represented the major importing country with an import of around X units, which recorded X% of total imports. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by Israel (X%) and the United Arab Emirates (X%).

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

In value terms, the largest memories importing markets in MENA were Israel ($X), Turkey ($X) and Tunisia ($X), together accounting for X% of total imports.

Among the main importing countries, Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, rising by X% against the previous year. In general, the import price saw resilient growth. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, 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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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