Integer Research Ltd (Integer) - Arab Spring Impact Fails to Derail Growth in MENA Wire and Cable Markets.
LONDON, April 16, 2013 /PRNewswire/ --
The Middle East and North Africa (MENA) wire and cable market steadily recovered to reach US$15.4 billion in 2012, up by 5.4% from 2011. This is according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Integer's latest study - Wire & Cable Focus Report: Middle East and North Africa Markets, which forecasts potential demand for MENA wire and cable to 2017.
"The short term effects of the Arab Spring, including project cancellations and delays, have been disruptive," says Andrea Valentini, Senior Analyst and Editor of Wire & Cable Focus Report: Middle East and North Africa Markets. "However, the rebuilding and opening up of some North African North Africa
A region of northern Africa generally considered to include the modern-day countries of Morocco, Algeria, Tunisia, and Libya.
North African adj. & n.
Adj. 1. markets post-Arab Spring, plus increased investment in infrastructure by GCC GCC: see Gulf Cooperation Council.
(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). governments seeking to maintain political stability, should allow further gains in MENA demand."
The market for insulated wire wire covered with some nonconducting material, such as plastic or silk, for use in conducting electricity.
See also: Insulated and cable in the MENA region has experienced highs and lows in recent years. The rally in oil prices from the mid-2000s to 2008 fuelled a boom in demand for cable from construction and infrastructure developments in the GCC, resulting in many companies adding cable making capacity. Meanwhile, European OEMs actively invested in North Africa's wiring harness assembly industry, boosting local wire and cable consumption.
Since the boom, the MENA cable industry has faced upheavals from both the Arab Spring and global financial crisis, resulting in new capacity coinciding with a sharp drop in demand for cable. In 2009, consumption contracted by 28% year-on-year to US$8.4 billion.
Within MENA, the North Africa and GCC cable markets are distinct, even though they share a common Arab heritage. "GCC cable consumption is much larger than North Africa's, and is dominated by power cable and building wire. In 2012, the GCC market reached almost 1.2 million gross cable tonnes, compared with 520,000 tonnes in North Africa," says Josie Armstrong, Business Manager of the Wire and Cable Team. "In contrast, a key determinant of North African cable consumption is the outsourcing of wiring harness assembly from European automotive and other OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and supply chains."
About Integer Research
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SOURCE Integer Research Ltd