Middle East: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in the Middle East

The Middle Eastern market for instrument panel and wall clocks contracted rapidly to $X in 2020, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2020, consumption failed to regain momentum.

Production of Instrument Panel And Wall Clocks in the Middle East

In value terms, instrument panel and wall clock production fell significantly to $X in 2020 estimated in export price. In general, production recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Exports of Instrument Panel And Wall Clocks

Exports in the Middle East

In 2020, after two years of growth, there was significant decline in shipments abroad of instrument panel and wall clocks, when their volume decreased by X% to X units. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports amounted to $X in 2020. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Jordan represented the largest exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Bahrain (X units), Israel (X units), Turkey (X units), Oman (X units), Yemen (X units) and Lebanon (X units), together creating a X% share of total exports.

Exports from Jordan increased at an average annual rate of X% from 2012 to 2020. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2020. By contrast, Bahrain (X%), Lebanon (X%), Israel (X%) and Yemen (X%) illustrated a downward trend over the same period. While the share of Jordan (X p.p.), Oman (X p.p.), Turkey (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2020, the share of Lebanon (X p.p.), Israel (X p.p.) and Yemen (X p.p.) displayed negative dynamics.

In value terms, Israel ($X) emerged as the largest instrument panel and wall clock supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In Israel, instrument panel and wall clock exports increased at an average annual rate of X% over the period from 2012-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2020, the export price in the Middle East amounted to $X per unit, jumping by X% against the previous year. Overall, the export price recorded a pronounced expansion. The growth pace was the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2020, 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 ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Instrument Panel And Wall Clocks

Imports in the Middle East

Instrument panel and wall clock imports dropped significantly to X units in 2020, waning by X% compared with the year before. Overall, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports reduced to $X in 2020. Total imports indicated noticeable growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019, and then fell in the following year.

Imports by Country

Iraq represented the key importer of instrument panel and wall clocks in the Middle East, with the volume of imports resulting at X units, which was near X% of total imports in 2020. Jordan (X units) took the second position in the ranking, followed by Israel (X units), Oman (X units) and Bahrain (X units). All these countries together took near X% share of total imports. Turkey (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

Imports into Iraq increased at an average annual rate of X% from 2012 to 2020. At the same time, Saudi Arabia (X%), Turkey (X%), Oman (X%) and Israel (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2020. By contrast, Bahrain (X%) and Jordan (X%) illustrated a downward trend over the same period. While the share of Iraq (X p.p.), Oman (X p.p.), Israel (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2020, the share of Bahrain (X p.p.) and Jordan (X p.p.) displayed negative dynamics.

In value terms, the largest instrument panel and wall clock importing markets in the Middle East were Iraq ($X), Turkey ($X) and Oman ($X), with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, recorded the highest growth rate of 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 2020, the import price in the Middle East amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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