Middle East: Test And Measurement Market 2024

Test And Measurement Market Size in the Middle East

The Middle Eastern test and measurement market dropped to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Test And Measurement Production in the Middle East

In value terms, test and measurement production reduced dramatically to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Test And Measurement Exports

Exports in the Middle East

Test and measurement exports skyrocketed to X units in 2022, with an increase of X% on 2021. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, test and measurement exports soared to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Turkey (X units) was the largest exporter of instruments and apparatus for measuring or checking pressure of liquids or gasses, making up X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a 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. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, test and measurement exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price saw a noticeable reduction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 stood at $X per unit.

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

Test And Measurement Imports

Imports in the Middle East

In 2022, after two years of growth, there was significant decline in overseas purchases of instruments and apparatus for measuring or checking pressure of liquids or gasses, when their volume decreased by X% to X units. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X units in 2021, and then fell in the following year.

In value terms, test and measurement imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Turkey was the key importer of instruments and apparatus for measuring or checking pressure of liquids or gasses in the Middle East, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Iran (X units) took the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together took near X% share of total imports. The following importers - Iraq (X units), Oman (X units) and Israel (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to test and measurement imports into Turkey stood at X%. At the same time, Iraq (X%), Iran (X%), Israel (X%) and the United Arab Emirates (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%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in the Middle East amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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