Middle East: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in the Middle East

The Middle Eastern gas supply meter market dropped modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Gas Supply Meter Production in the Middle East

In value terms, gas supply meter production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2016 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.

Gas Supply Meter Exports

Exports in the Middle East

In 2022, the amount of gas supply or production meters exported in the Middle East surged to X units, picking up by X% against 2021 figures. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gas supply meter exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to gas supply meter exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates 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 Turkey and the United Arab Emirates increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Gas Supply Meter Imports

Imports in the Middle East

In 2022, approx. X units of gas supply or production meters were imported in the Middle East; which is down by X% compared with 2021 figures. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, gas supply meter imports totaled $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units), Israel (X units) and the United Arab Emirates (X units) represented the largest importer of gas supply or production meters in the Middle East, comprising X% of total import. It was distantly followed by Iraq (X units), achieving a X% share of total imports. Iran (X units) and Kuwait (X units) took a minor share 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 mixed trends in the imports figures.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Israel, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price 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, gas supply meter import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, 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 Iran ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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