MENA: Wire And Cable Market 2024

Wire And Cable Market Size in MENA

The MENA's wire and cable market declined to $X in 2022, reducing by X% against the previous year. The total consumption indicated pronounced growth 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 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Wire And Cable Production in MENA

In value terms, wire and cable production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wire And Cable Exports

Exports in MENA

In 2022, approx. X tons of insulated wire and cable were exported in MENA; surging by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wire and cable exports surged to $X in 2022. Total exports indicated a resilient 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey represented the largest exporter of insulated wire and cable in MENA, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Morocco (X tons) ranks second in terms of the total exports with a X% share, followed by Tunisia (X%), the United Arab Emirates (X%) and Saudi Arabia (X%). The following exporters - Egypt (X tons) and Oman (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to wire and cable exports from Turkey stood at X%. At the same time, Morocco (X%), the United Arab Emirates (X%), Tunisia (X%), Saudi Arabia (X%) and Oman (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, Egypt (X%) illustrated a downward trend over the same period. Morocco (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia, Turkey and Egypt saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wire and cable supplying countries in MENA were Morocco ($X), Turkey ($X) and Tunisia ($X), together accounting for X% of total exports.

Among 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 ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Wire And Cable Imports

Imports in MENA

In 2022, overseas purchases of insulated wire and cable were finally on the rise to reach X tons after five years of decline. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, wire and cable imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Kuwait (X tons) represented the largest importers of insulated wire and cable in MENA, together amounting to near X% of total imports. It was distantly followed by Iraq (X tons), Morocco (X tons), Turkey (X tons) and Israel (X tons), together generating a X% share of total imports. The following importers - Libya (X tons), Tunisia (X tons), Bahrain (X tons), Oman (X tons), Egypt (X tons) and Qatar (X tons) - together made up X% of total imports.

From 2012 to 2022, 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 wire and cable importing markets in MENA were the United Arab Emirates ($X), Morocco ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main importing countries, Morocco, with a CAGR of X%, recorded 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 ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure 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 Morocco ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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