MENA: Market for Electrical Boards, Panels, Consoles, Desks and Cabinets 2024

Market Size for Electrical Boards, Panels, Consoles, Desks and Cabinets in MENA

The MENA's market for electrical boards, panels, consoles, desks and cabinets was estimated at $X in 2023, increasing by X% against the previous year. The total consumption indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Electrical Boards, Panels, Consoles, Desks and Cabinets in MENA

In value terms, electric board, desk and panel production expanded significantly to $X in 2023 estimated in export price. In general, production enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Exports in MENA

Electric board, desk and panel exports rose remarkably to X units in 2023, increasing by X% against the previous year's figure. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, electric board, desk and panel exports rose significantly to $X in 2023. Total exports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporting country with an export of about X units, which reached X% of total exports. The United Arab Emirates (X units) took the second position in the ranking, followed by Saudi Arabia (X units) and Morocco (X units). All these countries together took near X% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to electric board, desk and panel exports from Turkey stood at X%. At the same time, Oman (X%), Morocco (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Morocco and Oman increased by X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest electric board, desk and panel supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Saudi Arabia, with an X% share.

In Turkey, electric board, desk and panel exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2023, the export prices remained 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 Oman ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Boards, Panels, Consoles, Desks and Cabinets

Imports in MENA

In 2023, imports of electrical boards, panels, consoles, desks and cabinets in MENA skyrocketed to X units, rising by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, electric board, desk and panel imports skyrocketed to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of electrical boards, panels, consoles, desks and cabinets in MENA, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Algeria (X units), Oman (X units), Iraq (X units), Kuwait (X units) and Morocco (X units), together achieving a X% share of total imports. Israel (X units), Turkey (X units), Egypt (X units), Qatar (X units), Bahrain (X units), Jordan (X units) and Libya (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%), Algeria (X%), Turkey (X%), Bahrain (X%), Israel (X%), Morocco (X%), Libya (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Iraq experienced a relatively flat trend pattern. By contrast, Jordan (X%), Egypt (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Algeria (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Egypt (X p.p.), Iraq (X p.p.) and Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical boards, panels, consoles, desks and cabinets in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, electric board, desk and panel imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, 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 Qatar ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform