Middle East: Isolating Switch Market 2024

Isolating Switch Market Size in the Middle East

The Middle Eastern isolating switch market contracted significantly to $X in 2022, which is down by -16.7% against the previous year. In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Isolating Switch Production in the Middle East

In value terms, isolating switch production fell dramatically to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 96% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Isolating Switch Exports

Exports in the Middle East

Isolating switch exports rose significantly to X units in 2022, surging by 8.2% against 2021 figures. Overall, exports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of 49%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, isolating switch exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 60%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) was the key exporter of isolating switches & make-and-break switches, committing 63% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a 29% share of total exports. Saudi Arabia (X units) and Kuwait (X units) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Kuwait (+20.7%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +20.7% from 2012-2022. By contrast, Saudi Arabia (-3.1%) and the United Arab Emirates (-9.6%) illustrated a downward trend over the same period. While the share of Turkey (+33 p.p.) and Kuwait (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-34.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest isolating switch supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 94% share of total exports. These countries were followed by Kuwait, which accounted for a further 3.6%.

Among the main exporting countries, Kuwait, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of exports, 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 a decrease of -4.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Kuwait ($X per unit) and the United Arab Emirates ($X per unit), while Turkey ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the other leaders experienced a decline in the export price figures.

Isolating Switch Imports

Imports in the Middle East

In 2022, approx. X units of isolating switches & make-and-break switches were imported in the Middle East; falling by -5.6% on the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 54%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, isolating switch imports contracted to $X in 2022. In general, imports recorded a pronounced slump. The growth pace was the most rapid in 2019 when imports increased by 45%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Kuwait (X units), Oman (X units), Bahrain (X units) and Qatar (X units) represented the major importers of isolating switches & make-and-break switches, together creating 90% of total imports. Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest isolating switch importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X), with a combined 51% share of total imports.

Kuwait, with a CAGR of +17.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, almost unchanged from the previous year. In general, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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