Middle East: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in the Middle East

The Middle Eastern liquid supply meter market rose markedly to $X in 2022, surging by X% against the previous year. Overall, consumption saw strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Liquid Supply Meter Production in the Middle East

In value terms, liquid supply meter production stood at $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Liquid Supply Meter Exports

Exports in the Middle East

Liquid supply meter exports skyrocketed to X units in 2022, picking up by X% compared with 2021. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, liquid supply meter exports surged to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Israel (X units), constituting a X% share of total exports. The United Arab Emirates (X units) took a little 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%) and Israel (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 Turkey and the United Arab Emirates increased by X and X percentage points, respectively.

In value terms, the largest liquid supply meter supplying countries in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Liquid Supply Meter Imports

Imports in the Middle East

In 2022, the amount of liquid supply or production meters imported in the Middle East surged to X units, picking up by X% on the year before. Over the period under review, imports saw a notable increase. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, liquid supply meter imports shrank to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Iraq (X units) was the major importer of liquid supply or production meters, comprising X% of total imports. It was distantly followed by Turkey (X units), Yemen (X units), Kuwait (X units), the United Arab Emirates (X units), Iran (X units) and Israel (X units), together committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to liquid supply meter imports into Iraq stood at X%. At the same time, Kuwait (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Yemen (X%), the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of Iraq (X p.p.), Kuwait (X p.p.), Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Yemen (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) displayed negative dynamics.

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

Kuwait, with a CAGR of X%, recorded 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, declining by X% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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