Middle East: Dc Motor Market 2024

Dc Motor Market Size in the Middle East

The Middle Eastern DC motor market was estimated at $X in 2023, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Dc Motor Production in the Middle East

In value terms, DC motor production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Dc Motor Exports

Exports in the Middle East

For the fifth year in a row, the Middle East recorded growth in overseas shipments of DC motors, which increased by X% to X units in 2023. In general, exports saw a modest increase. The pace of growth was the most pronounced in 2022 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, DC motor exports soared to $X in 2023. Over the period under review, exports saw a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Israel (X units), constituting a X% share of total exports. The United Arab Emirates (X units) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest DC motor supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, DC motor exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, 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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Dc Motor Imports

Imports in the Middle East

In 2023, approx. X units of DC motors were imported in the Middle East; picking up by X% compared with 2022 figures. Overall, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, DC motor imports reached $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

Turkey represented the key importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by the United Arab Emirates (X units) and Iran (X units), together constituting a X% share of total imports. Israel (X units) held a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported DC motors in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, declining by X% against the previous year. Overall, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, 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 ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform