Middle East: Circuit Breaker Market 2024

Circuit Breaker Market Size in the Middle East

The Middle Eastern circuit breaker market fell slightly to $X in 2022, with a decrease of -2.1% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.5% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Circuit Breaker Production in the Middle East

In value terms, circuit breaker production amounted to $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Circuit Breaker Exports

Exports in the Middle East

In 2022, shipments abroad of automatic circuit breakers increased by 14% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports soared to $X in 2022. The total export value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the key exporting country with an export of about X units, which finished at 80% of total exports. It was distantly followed by the United Arab Emirates (X units) and Saudi Arabia (X units), together constituting a 17% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to circuit breaker exports from Turkey stood at +4.7%. At the same time, Saudi Arabia (+19.8%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +19.8% from 2012-2022. By contrast, the United Arab Emirates (-3.9%) illustrated a downward trend over the same period. Turkey (+10 p.p.) and Saudi Arabia (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -12.4% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest circuit breaker supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports.

In Turkey, circuit breaker exports expanded at an average annual rate of +1.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+3.9% per year) and Saudi Arabia (+10.5% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, flattening at the previous year. Overall, the export price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2016 an increase of 8.8% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 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 ($X per unit), while Saudi Arabia ($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 (+8.1%), while the other leaders experienced a decline in the export price figures.

Circuit Breaker Imports

Imports in the Middle East

In 2022, approx. X units of automatic circuit breakers were imported in the Middle East; rising by 1.6% compared with the previous year. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, circuit breaker imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) and the United Arab Emirates (X units) were the largest importers of automatic circuit breakers in the Middle East, together generating 65% of total imports. It was distantly followed by Iraq (X units), making up a 12% share of total imports. Israel (X units), Iran (X units), Kuwait (X units), Oman (X units) and Qatar (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 Turkey (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, with a combined 57% share of total imports. Kuwait, Israel, Qatar, Oman and Iran lagged somewhat behind, together accounting for a further 20%.

Israel, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in the Middle East amounted to $X per unit, waning by -12.7% against the previous year. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Iraq ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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