Middle East: Semiconductor Device Market 2024

Semiconductor Device Market Size in the Middle East

In 2022, after two years of decline, there was growth in the Middle Eastern semiconductor device market, when its value increased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Semiconductor Device Production in the Middle East

In value terms, semiconductor device production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 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.

Semiconductor Device Exports

Exports in the Middle East

In 2022, shipments abroad of semiconductor devices decreased by X% to X units, falling for the third year in a row after four years of growth. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, semiconductor device exports declined markedly to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Israel dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Turkey (X units) took a little share of total exports.

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

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

In Israel, semiconductor device exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, 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 Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Semiconductor Device Imports

Imports in the Middle East

In 2022, approx. X units of semiconductor devices were imported in the Middle East; falling by X% compared with 2021. In general, imports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, semiconductor device imports contracted to $X in 2022. Overall, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Lebanon represented the main importer of semiconductor devices in the Middle East, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Israel (X units) took the second position in the ranking, followed by Turkey (X units), Iran (X units) and the United Arab Emirates (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lebanon (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Iran and Lebanon lagged somewhat behind, together comprising a further X%.

Lebanon, 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, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 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 Lebanon (less than $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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :