Middle East: Electric Oven Market 2020

Electric Oven Market Size in Middle East

The revenue of the electric oven market in Middle East amounted to $X in 2017, going down by -X% against the previous year. The electric oven consumption continues to indicate a strong increase. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. The level of electric oven consumption peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Electric Oven Production in Middle East

In 2017, electric oven production in Middle East stood at X units, remaining stable against the previous year. The electric oven production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Over the period under review, the electric oven production reached its peak figure volume in 2017, and is likely to continue its growth in the near future.

Electric Oven Exports in Middle East

In 2017, approx. X units of electric furnaces and ovens were exported in Middle East; going up by X% against the previous year. The electric oven exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. Over the period under review, the electric oven exports attained its peak figure volume of X units in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, electric oven exports amounted to $X in 2017. The electric oven exports continue to indicate an abrupt contraction. In that year, the electric oven exports attained their peak level of $X. From 2009 to 2017, growth of the electric oven exports failed to regain its momentum.

Electric Oven Exports by Country in Middle East

Jordan (X units) and Turkey (X units) represented roughly X% of total exports of electric furnaces and ovens in 2017. Qatar (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by the United Arab Emirates (X%) and Israel (X%).

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electric oven supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Israel ($X), with a X% share of global exports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Turkey amounted to -X%. 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).

Electric Oven Export Prices by Country in Middle East

In 2017, the electric oven export price in Middle East amounted to $X per unit, coming down by -X% against the previous year. The electric oven export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2012, an increase of X% y-o-y. Over the period under review, the export prices for electric furnaces and ovens attained its maximum level of $X per unit in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Israel ($X thousand per unit), while Qatar ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Jordan (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Electric Oven Imports in Middle East

In 2017, approx. X units of electric furnaces and ovens were imported in Middle East; jumping by X% against the previous year. The total imports indicated a temperate expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric oven imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2015, when it surged by X% against the previous year. The volume of imports peaked of X units in 2009; however, from 2010 to 2017, it failed to regain its momentum.

In value terms, electric oven imports stood at $X in 2017. The electric oven imports continue to indicate a relatively flat trend pattern. In that year, the electric oven imports attained their peak level of $X. From 2009 to 2017, growth of the electric oven imports stood at a somewhat lower level.

Electric Oven Imports by Country in Middle East

In 2017, Jordan (X units) represented the major importer for electric furnaces and ovens, constituting X% of total imports. Bahrain (X units) ranks second in terms of the global imports with a X% share, followed by Oman (X%), the United Arab Emirates (X%) and Turkey (X%). The following importers - Qatar (X units) and Kuwait (X units) each amounted to a X% share of total imports.

Imports into Jordan increased at an average annual rate of +X% from 2007 to 2017. At the same time, Oman (+X%), the United Arab Emirates (+X%), Qatar (+X%), Kuwait (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Bahrain (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Bahrain increased by X% percentage points, while Turkey (-X%), Kuwait (-X%), Qatar (-X%), the United Arab Emirates (-X%), Oman (-X%) and Jordan (-X%) saw their share reduced.

In value terms, Turkey ($X) constitutes the largest market for imported electric furnaces and ovens in Middle East, making up X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Oman, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey stood at +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Oman (+X% per year).

Electric Oven Import Prices by Country in Middle East

In 2017, the electric oven import price in Middle East amounted to $X per unit, coming down by -X% against the previous year. The electric oven import price continues to indicate a slight drop. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. The level of import price peaked of $X thousand per unit in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X thousand per unit), while Jordan ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bahrain (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform