Middle East: Measuring Instrument Market 2024

Measuring Instrument Market Size in the Middle East

For the third year in a row, the Middle Eastern measuring instrument market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Measuring Instrument Production in the Middle East

In value terms, measuring instrument production dropped to $X in 2022 estimated in export price. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Measuring Instrument Exports

Exports in the Middle East

In 2022, overseas shipments of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports surged to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X units) was the key exporter of instruments and apparatus for measuring or checking the flow or level of liquids, creating X% of total exports. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to measuring instrument exports from Turkey stood at X%. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest measuring instrument supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($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 amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 a decline in the export price figures.

Measuring Instrument Imports

Imports in the Middle East

In 2022, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by X% to X units, rising for the eighth consecutive year after two years of decline. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, measuring instrument imports dropped to $X in 2022. In general, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey was the main importing country with an import of around X units, which accounted for X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with an X% share, followed by Oman (X%) and Iran (X%). Iraq (X units) and Israel (X units) followed a long way behind the leaders.

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

In value terms, the largest measuring instrument importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Oman ($X), with a combined X% share of total imports.

Among the main importing countries, Oman, with a CAGR of X%, recorded 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

The import price in the Middle East stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 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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