MENA: Timer Market 2025

Timer Market Size in MENA

The MENA's timer market contracted markedly to $X in 2022, falling by -26.8% against the previous year. In general, consumption faced a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Timer Production in MENA

In value terms, timer production dropped remarkably to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The growth pace was the most rapid in 2021 when the production volume increased by 86% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Timer Exports

Exports in MENA

In 2022, the amount of timers exported in MENA surged to X units, jumping by 36% compared with the previous year's figure. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 174%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, timer exports declined sharply to $X in 2022. Overall, exports posted a measured expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 171% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X units) represented the key exporter of timers, generating 57% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 28% share, followed by Israel (6.3%) and Bahrain (4.7%). Oman (X units) took a little share of total exports.

Exports from Turkey increased at an average annual rate of +16.6% from 2012 to 2022. At the same time, Bahrain (+27.4%), the United Arab Emirates (+20.2%) and Oman (+17.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +27.4% from 2012-2022. By contrast, Israel (-9.5%) illustrated a downward trend over the same period. Turkey (+33 p.p.), the United Arab Emirates (+20 p.p.) and Bahrain (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -26.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest timer supplier in MENA, comprising 53% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.8% share of total exports. It was followed by Oman, with a 2.5% share.

In the United Arab Emirates, timer exports expanded at an average annual rate of +18.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+6.1% per year) and Oman (+6.3% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, falling by -46.1% against the previous year. In general, the export price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by 124%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a 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 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 (-1.6%), while the other leaders experienced a decline in the export price figures.

Timer Imports

Imports in MENA

After three years of growth, overseas purchases of timers decreased by -16.7% to X units in 2022. Overall, imports, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of 95% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted dramatically in the following year.

In value terms, timer imports shrank notably to $X in 2022. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of 90%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, recording X units, which was near 84% of total imports in 2022. It was distantly followed by Israel (X units), constituting an 8% share of total imports. The following importers - the United Arab Emirates (X units) and Morocco (X units) - together made up 4.7% of total imports.

Turkey was also the fastest-growing in terms of the timers imports, with a CAGR of +14.3% from 2012 to 2022. At the same time, Israel (+8.2%) and Morocco (+2.4%) displayed positive paces of growth. By contrast, the United Arab Emirates (-11.2%) illustrated a downward trend over the same period. While the share of Turkey (+50 p.p.) and Israel (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-10.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Morocco ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, with a combined 61% share of total imports.

Israel, with a CAGR of +5.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, with a decrease of -34.8% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 40% 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 Morocco ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform