Middle East: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in the Middle East

In 2022, the Middle Eastern remote control apparatus market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Remote Control Apparatus Production in the Middle East

In value terms, remote control apparatus production declined to $X in 2022 estimated in export price. Overall, production posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Remote Control Apparatus Exports

Exports in the Middle East

For the fourth year in a row, the Middle East recorded growth in shipments abroad of radio remote control apparatus, which increased by X% to X units in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, remote control apparatus exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel was the major exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Turkey (X units) and the United Arab Emirates (X units), together making up a X% share of total exports.

Israel was also the fastest-growing in terms of the radio remote control apparatus exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Israel (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Israel, remote control apparatus exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Remote Control Apparatus Imports

Imports in the Middle East

In 2022, the amount of radio remote control apparatus imported in the Middle East expanded modestly to X units, increasing by X% against 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, remote control apparatus imports rose significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey was the largest importing country with an import of about X units, which finished at X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with an X% share, followed by Iran (X%) and Israel (X%). The following importers - Oman (X units) and Iraq (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to remote control apparatus imports into Turkey stood at X%. At the same time, Iraq (X%), Oman (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, 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 2022, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 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 Israel ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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