MENA: Manostat Market 2024

Manostat Market Size in MENA

The MENA's manostat market amounted to $X in 2022, picking up by X% against the previous year. The total consumption indicated a modest 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Manostat Production in MENA

In value terms, manostat production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Manostat Exports

Exports in MENA

In 2022, approx. X units of manostats were exported in MENA; increasing by X% on the year before. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, manostat exports skyrocketed to $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Turkey dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Israel (X units) and the United Arab Emirates (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to manostat 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 2012-2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest manostat supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for X% of total exports.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in MENA stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 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 more modest paces of growth.

Manostat Imports

Imports in MENA

After three years of growth, overseas purchases of manostats decreased by X% to X units in 2022. Total imports indicated a resilient increase 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 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then fell modestly in the following year.

In value terms, manostat imports stood at $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X units, which was near X% of total imports in 2022. The United Arab Emirates (X units), Egypt (X units) and Iran (X units) took a minor share of total imports.

Turkey was also the fastest-growing in terms of the manostats imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Egypt (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported manostats in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Turkey, manostat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the 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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform