Middle East: Optical Radiation Instruments Market 2024

Optical Radiation Instruments Market Size in the Middle East

The Middle Eastern optical radiation instruments market rose remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, saw a abrupt decline. Over the period under review, the market attained the peak level at $X.4B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Optical Radiation Instruments Production in the Middle East

In value terms, optical radiation instruments production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of production peaked at $X.5B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Optical Radiation Instruments Exports

Exports in the Middle East

In 2022, the amount of instruments using optical radiations exported in the Middle East surged to X units, growing by X% against 2021 figures. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, optical radiation instruments exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Israel dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to optical radiation instruments exports from Israel 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. Israel (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest optical radiation instruments supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Israel, optical radiation instruments exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Israel ($X per unit), while the United Arab Emirates stood at $X per unit.

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

Optical Radiation Instruments Imports

Imports in the Middle East

In 2022, approx. X units of instruments using optical radiations were imported in the Middle East; rising by X% on the previous year. Total imports indicated a remarkable 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. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, optical radiation instruments imports expanded sharply to $X in 2022. Total imports indicated resilient growth 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, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Qatar (X units), Turkey (X units) and the United Arab Emirates (X units) represented roughly X% of total imports in 2022. Kuwait (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%). The following importers - Oman (X units) and Iran (X units) - each recorded a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Kuwait, Qatar, Oman and Iran lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to 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, reducing by X% against the previous year. Overall, the import price saw a slight curtailment. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

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