Middle East: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in the Middle East

In 2021, the Middle Eastern electrical circuit apparatus market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, continues to indicate a noticeable descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in the Middle East

In value terms, electrical circuit apparatus production reduced to $X in 2021 estimated in export price. Overall, production recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Electrical Circuit Apparatus Exports

Exports in the Middle East

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the fourth year in a row after four years of decline. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) prevails in exports structure, together comprising X% of total exports. Saudi Arabia (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2021, together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Electrical Circuit Apparatus Imports

Imports in the Middle East

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of electrical circuit apparatus imports in 2021 were Saudi Arabia (X units), Turkey (X units) and the United Arab Emirates (X units), together resulting at X% of total import. It was distantly followed by Iraq (X units), constituting a X% share of total imports. The following importers - Israel (X units), Iran (X units), Qatar (X units), Oman (X units), Bahrain (X units), Kuwait (X units) and Yemen (X units) - together made up X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports. Israel, Iraq, Qatar, Kuwait, Iran, Oman, Bahrain and Yemen lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Yemen, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2021, the import price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, 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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