Middle East: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Middle East

The Middle Eastern market for non-electronic instruments for measuring or checking variables of liquids or gases rose modestly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Middle East

In value terms, non-electronic liquid or gas measurer production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in the Middle East

In 2022, the amount of non-electronic instruments for measuring or checking variables of liquids or gases exported in the Middle East expanded remarkably to X units, picking up by X% compared with the previous year. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2022. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporter of non-electronic instruments for measuring or checking variables of liquids or gases in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Oman (X units), Turkey (X units) and Israel (X units), together mixing up a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Oman (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Israel and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest non-electronic liquid or gas measurer supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined X% share 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, recorded a abrupt downturn. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in the Middle East

In 2022, purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, non-electronic liquid or gas measurer imports expanded notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iran represented the key importer of non-electronic instruments for measuring or checking variables of liquids or gases in the Middle East, with the volume of imports recording 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 Turkey (X%), Israel (X%) and Bahrain (X%). The following importers - Oman (X units) and Iraq (X units) - each finished at a X% share of total imports.

Iran was also the fastest-growing in terms of the non-electronic instruments for measuring or checking variables of liquids or gases imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Iraq and Turkey experienced a relatively flat trend pattern. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.), Iraq (X p.p.), Oman (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Iran, with a CAGR of X%, recorded the highest growth rate of 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

The import price in the Middle East stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a abrupt decline. 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 Iraq ($X per unit), while Iran ($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 a decline in the import price figures.

Source: IndexBox Platform

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