Middle East: Timer Market 2024

Timer Market Size in the Middle East

In 2022, the Middle Eastern timer market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Timer Production in the Middle East

In value terms, timer production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Timer Exports

Exports in the Middle East

In 2022, exports of timers in the Middle East surged to X units, increasing by X% compared with the year before. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, timer exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the major exporter of timers in the Middle East, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), mixing up an X% share of total exports. Palestine (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the timers exports, with a CAGR of X% from 2012 to 2022. At the same time, Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey and the United Arab Emirates increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest timer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Palestine ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Palestine (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 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 the United Arab Emirates ($X per unit), while Turkey ($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 a decline in the export price figures.

Timer Imports

Imports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in overseas purchases of timers, which increased by X% to X units in 2022. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, timer imports surged to $X in 2022. In general, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X units) and Turkey (X units) were the major importers of timers in the Middle East, together making up X% of total imports. It was distantly followed by Saudi Arabia (X units), achieving a X% share of total imports. The United Arab Emirates (X units) and Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Saudi Arabia, timer imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Jordan (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 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 Jordan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform