MENA: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in MENA

The MENA's electrical circuit apparatus market shrank to $X in 2021, stabilizing at the previous year. Over the period under review, consumption recorded a slight slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Production in MENA

In value terms, electrical circuit apparatus production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production showed a mild contraction. The growth pace was the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports in MENA

In 2021, the amount of electrical apparatus for circuit connection, switching and protection exported in MENA soared to X units, rising by X% on 2020. The total export volume increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) and the United Arab Emirates (X units) represented the major exporters of electrical apparatus for circuit connection, switching and protection in MENA, together mixing up X% of total exports. Morocco (X units) took the next position in the ranking, followed by Tunisia (X units). All these countries together took approx. X% share of total exports. The following exporters - Egypt (X units) and Saudi Arabia (X units) - each finished at a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Morocco ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to 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 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports in MENA

After five years of decline, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units in 2021. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. The total import value increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of electrical circuit apparatus imports in 2021 were Saudi Arabia (X units), Turkey (X units) and the United Arab Emirates (X units), together amounting to X% of total import. Iraq (X units) took the next position in the ranking, followed by Morocco (X units) and Tunisia (X units). All these countries together held approx. X% share of total imports. Egypt (X units), Israel (X units), Algeria (X units), Iran (X units), Qatar (X units), Oman (X units) and Bahrain (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports. Morocco, Tunisia, Israel, Iraq, Egypt, Qatar, Iran, Algeria, Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, 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, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, 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 Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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