Middle East: Ignition Magneto Market 2024

Ignition Magneto Market Size in the Middle East

After two years of growth, the Middle Eastern ignition magneto market decreased by X% to $X in 2022. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Ignition Magneto Production in the Middle East

In value terms, ignition magneto production declined slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Ignition Magneto Exports

Exports in the Middle East

In 2022, exports of ignition magnetos, magneto-dynamos and magnetic flywheels in the Middle East skyrocketed to X units, increasing by X% against 2021 figures. Over the period under review, exports, however, saw a abrupt contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ignition magneto exports surged to $X in 2022. Overall, exports, however, showed a noticeable descent. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the largest exporter of ignition magnetos, magneto-dynamos and magnetic flywheels, generating X% of total exports. Turkey (X units) took the second position in the ranking, distantly followed by Israel (X units). All these countries together held approx. X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the ignition magnetos, magneto-dynamos and magnetic flywheels exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Turkey increased by X and X percentage points, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price, however, showed noticeable growth. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then shrank markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($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 mixed trends in the export price figures.

Ignition Magneto Imports

Imports in the Middle East

In 2022, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were imported in the Middle East; jumping by X% on 2021 figures. Overall, imports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ignition magneto imports dropped to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Iraq (X units) and Turkey (X units), together constituting a X% share of total imports. Kuwait (X units), Iran (X units) and Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ignition magneto imports into the United Arab Emirates stood at X%. At the same time, Iraq (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Iraq and Kuwait increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ignition magnetos, magneto-dynamos and magnetic flywheels in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Iraq, with a X% share.

In the United Arab Emirates, ignition magneto imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, continues to indicate a slight expansion. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Oman ($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 more modest paces of growth.

Source: IndexBox Platform

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