Middle East: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in the Middle East

For the third consecutive year, the Middle Eastern electrical board and console market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a slight shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in the Middle East

In value terms, electrical board and console production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v, which increased by X% to X units in 2022. Total exports indicated a measured increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical board and console exports expanded notably to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%). The following exporters - Israel (X units) and Saudi Arabia (X units) - each accounted for a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, the United Arab Emirates and Saudi Arabia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electrical board and console supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Overall, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the export price figures.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports in the Middle East

In 2022, purchases abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electrical board and console imports reached $X in 2022. Overall, imports, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iraq (X units) and the United Arab Emirates (X units) were the major importers of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v in 2022, accounting for near X% and X% of total imports, respectively. Oman (X units) ranks next in terms of the total imports with a X% share, followed by Turkey (X%) and Israel (X%). The following importers - Kuwait (X units) and Bahrain (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Oman, Israel, Kuwait and Bahrain lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 2022, the import price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the 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 Iraq ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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