Middle East: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in the Middle East

The Middle Eastern market for instrument panel and wall clocks shrank significantly to $X in 2020, which is down by -X% against the previous year. In general, consumption, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. The level of consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in the Middle East

In value terms, instrument panel and wall clock production fell rapidly to $X in 2020 estimated in export prices. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Production By Country in the Middle East

The country with the largest volume of instrument panel and wall clock production was Turkey (X tons), accounting for X% of total volume. Moreover, instrument panel and wall clock production in Turkey exceeded the figures recorded by the second-largest producer, Syrian Arab Republic (X tons), threefold. Israel (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Turkey totaled -X%. The remaining producing countries recorded the following average annual rates of production growth: Syrian Arab Republic (-X% per year) and Israel (+X% per year).

Exports of Instrument Panel And Wall Clocks

Exports in the Middle East

In 2020, overseas shipments of instrument panel and wall clocks decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, exports saw a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, instrument panel and wall clock exports rose modestly to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Jordan represented the major exporter of instrument panel and wall clocks in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2020. It was distantly followed by Bahrain (X tons), Israel (X tons), Turkey (X tons), Oman (X tons), Yemen (X tons) and Lebanon (X tons), together achieving a X% share of total exports.

Exports from Jordan decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Oman (+X%), Yemen (+X%), Bahrain (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +X% from 2007-2020. Turkey experienced a relatively flat trend pattern. By contrast, Lebanon (-X%) illustrated a downward trend over the same period. While the share of Bahrain (+X p.p.), Oman (+X p.p.), Yemen (+X p.p.), Israel (+X p.p.) and Turkey (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Lebanon (-X p.p.) and Jordan (-X p.p.) displayed negative dynamics.

In value terms, Israel ($X) emerged as the largest instrument panel and wall clock supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In Israel, instrument panel and wall clock exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Bahrain (-X% per year).

Export Prices by Country

In 2020, the export price for instrument panel and wall clocks in the Middle East amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Israel ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Israel, while the other leaders experienced mixed trends in the export price figures.

Imports of Instrument Panel And Wall Clocks

Imports in the Middle East

In 2020, approx. X tons of instrument panel and wall clocks were imported in the Middle East; reducing by -X% compared with 2019 figures. Overall, imports, however, enjoyed a slight expansion. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, instrument panel and wall clock imports reduced to $X in 2020. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The level of import peaked at $X in 2019, and then reduced in the following year.

Imports by Country

Iraq represented the main importer of instrument panel and wall clocks in the Middle East, with the volume of imports accounting for X tons, which was near X% of total imports in 2020. Jordan (X tons) took the second position in the ranking, followed by Israel (X tons), Oman (X tons) and Bahrain (X tons). All these countries together took approx. X% share of total imports. The following importers - Turkey (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

Imports into Iraq increased at an average annual rate of +X% from 2007 to 2020. At the same time, Turkey (+X%), Saudi Arabia (+X%), Oman (+X%), Israel (+X%) and Bahrain (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +X% from 2007-2020. By contrast, Jordan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Iraq, Oman, Israel, Turkey and Saudi Arabia increased by +X%, +X%, +X%, +X% and +X% percentage points, while Jordan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Turkey ($X) and Oman ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Among the main importing countries, Turkey recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the import price for instrument panel and wall clocks in the Middle East amounted to $X per ton, increasing by X% against the previous year. Import price indicated a buoyant expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2020 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Turkey ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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