Middle East: Inductor Market 2024

Inductor Market Size in the Middle East

In 2022, the Middle Eastern inductor market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, continues to indicate a significant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Inductor Production in the Middle East

In value terms, inductor production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Inductor Exports

Exports in the Middle East

In 2022, after four years of decline, there was significant growth in shipments abroad of inductors, when their volume increased by X% to X units. Total exports indicated a tangible 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. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, inductor exports skyrocketed to $X in 2022. Total exports indicated a notable expansion 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 2020 indices. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of around X units, which finished at X% of total exports. Israel (X units) took the second position in the ranking, followed by the United Arab Emirates (X units) and Saudi Arabia (X units). All these countries together held near X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. 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. By contrast, Saudi Arabia (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Saudi Arabia (less than $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 a decline in the export price figures.

Inductor Imports

Imports in the Middle East

In 2022, supplies from abroad of inductors increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, inductor imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X units) represented the major importer of inductors, constituting X% of total imports. It was distantly followed by Israel (X units), making up a X% share of total imports. Oman (X units) took a relatively small share of total imports.

Turkey was also the fastest-growing in terms of the inductors imports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, the largest inductor importing markets in the Middle East were Turkey ($X), Israel ($X) and Oman ($X), together accounting for X% of total imports.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Turkey ($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 a decline in the import price figures.

Source: IndexBox Platform

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