Middle East: Multimeter Market 2024

Multimeter Market Size in the Middle East

The Middle Eastern multimeter market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, recorded slight growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Multimeter Production in the Middle East

In value terms, multimeter production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a slight increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Multimeter Exports

Exports in the Middle East

In 2022, after two years of decline, there was significant growth in shipments abroad of multimeters, when their volume increased by X% to X units. Overall, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, multimeter exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) and Turkey (X units) were the main exporters of multimeters in the Middle East, together making up X% of total exports. It was distantly followed by Kuwait (X units), mixing up a X% share of total exports. The following exporters - Israel (X units) and Lebanon (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Lebanon ($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.

Multimeter Imports

Imports in the Middle East

In 2022, overseas purchases of multimeters increased by X% to X units, rising for the third year in a row after two years of decline. Total imports indicated a notable expansion 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 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, multimeter imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the major importer of multimeters in the Middle East, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%) and Oman (X%). Iraq (X units), Israel (X units) and Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to multimeter imports into Turkey stood at X%. At the same time, Oman (X%), Iraq (X%) and Iran (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. The United Arab Emirates and Lebanon experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Iran, Israel and the United Arab Emirates saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, multimeter imports increased at an average annual rate of X% over the period from 2012-2022. 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 2022, declining by X% against the previous year. In general, the import price showed a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :