Middle East: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in the Middle East

The Middle Eastern electric heating equipment market shrank sharply to $X in 2022, declining by X% against the previous year. In general, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2021, and then shrank rapidly in the following year.

Electric Heating Equipment Production in the Middle East

In value terms, electric heating equipment production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electric Heating Equipment Exports

Exports in the Middle East

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by X% to X units, rising for the sixth year in a row after three years of decline. Overall, exports enjoyed noticeable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports surged to $X in 2022. Total exports indicated noticeable growth from 2012 to 2022: its value 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 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporter of electric space heating apparatus and soil heating apparatus in the Middle East, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Bahrain (X units) took the second position in the ranking, distantly followed by the United Arab Emirates (X units). All these countries together took approx. X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of electric space heating apparatus and soil heating apparatus. At the same time, Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bahrain and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest electric heating equipment supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, electric heating equipment exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then reduced remarkably in the following year.

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

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

Electric Heating Equipment Imports

Imports in the Middle East

In 2022, imports of electric space heating apparatus and soil heating apparatus in the Middle East soared to X units, surging by X% compared with the previous year's figure. Total imports indicated a mild 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, electric heating equipment imports expanded sharply to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value 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 increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Iraq represented the key importer of electric space heating apparatus and soil heating apparatus in the Middle East, with the volume of imports resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Saudi Arabia (X units), Kuwait (X units), the United Arab Emirates (X units) and Israel (X units), together achieving a X% share of total imports. Turkey (X units) and Iran (X units) followed a long way behind the leaders.

Imports into Iraq increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Iran (X%), Israel (X%) and Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Saudi Arabia and Iraq increased by X, X and X percentage points, respectively.

In value terms, Iraq ($X), Saudi Arabia ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kuwait, the United Arab Emirates, Turkey and Iran lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to 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, waning by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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