MENA: Measuring Instrument Market 2024

Measuring Instrument Market Size in MENA

The MENA's measuring instrument market expanded notably to $X in 2023, increasing by X% against the previous year. Overall, consumption saw tangible growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Measuring Instrument Production in MENA

In value terms, measuring instrument production rose sharply to $X in 2023 estimated in export price. Over the period under review, production enjoyed a moderate increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports in MENA

In 2023, the amount of instruments and apparatus for measuring or checking the flow or level of liquids exported in MENA soared to X units, picking up by X% compared with 2022 figures. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, measuring instrument exports surged to $X in 2023. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Turkey dominates exports structure, recording X units, which was near X% of total exports in 2023. The following exporters - Israel (X units) and the United Arab Emirates (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to measuring instrument exports from Turkey 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 exporter exported in MENA, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Israel, with a CAGR of X%, saw 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 2023, growing by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Measuring Instrument Imports

Imports in MENA

In 2023, measuring instrument imports in MENA was estimated at X units, growing by X% against the previous year's figure. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, measuring instrument imports surged to $X in 2023. Overall, imports, however, saw a mild downturn. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Turkey represented the largest importing country with an import of about X units, which finished at X% of total imports. Egypt (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). Iran (X units), Tunisia (X units) and Israel (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total imports. Egypt, Iran and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Egypt, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform