MENA: Medical Furniture Market 2024

Medical Furniture Market Size in MENA

The MENA's medical furniture market contracted to $X in 2022, declining by X% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Medical Furniture Production in MENA

In value terms, medical furniture production fell to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Medical Furniture Exports

Exports in MENA

Medical furniture exports soared to X units in 2022, growing by X% compared with 2021 figures. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, medical furniture exports skyrocketed to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. The following exporters - the United Arab Emirates (X units), Israel (X units) and Iran (X units) - together made up X% of total exports.

Turkey was also the fastest-growing in terms of the medical, surgical or veterinary furniture exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest medical furniture supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, medical furniture exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum 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 Israel ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Medical Furniture Imports

Imports in MENA

In 2022, overseas purchases of medical, surgical or veterinary furniture decreased by X% to X units, falling for the second consecutive year after two years of growth. Total imports indicated noticeable growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, medical furniture imports rose slightly to $X in 2022. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the eight major importers of medical, surgical or veterinary furniture, namely the United Arab Emirates, Iraq, Libya, Israel, Morocco, Kuwait, Algeria and Turkey, represented more than two-thirds of total import. Egypt (X units), Yemen (X units), Oman (X units), Jordan (X units) and Tunisia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical furniture importing markets in MENA were the United Arab Emirates ($X), Israel ($X) and Kuwait ($X), together accounting for X% of total imports. Morocco, Turkey, Iraq, Libya, Egypt, Algeria, Jordan, Oman, Yemen and Tunisia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Yemen, with a CAGR of X%, saw 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

In 2022, the import price in MENA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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