Middle East: Computing Machinery Market 2024

Computing Machinery Market Size in the Middle East

In 2021, the Middle Eastern computing machinery market increased by 55% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +76.3% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Computing Machinery Production in the Middle East

In value terms, computing machinery production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 148% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Computing Machinery Exports

Exports in the Middle East

In 2021, overseas shipments of computing machinery and parts and accessories thereof increased by 2.4% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 36% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, computing machinery exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 20%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of about X tons, which recorded 46% of total exports. Israel (X tons) ranks second in terms of the total exports with a 24% share, followed by Turkey (20%). The following exporters - Saudi Arabia (X tons) and Oman (X tons) - each recorded a 6.8% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 93% of total exports. These countries were followed by Saudi Arabia and Oman, which together accounted for a further 3.9%.

Oman, with a CAGR of +20.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, surging by 14% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 33%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.9%), while the other leaders experienced more modest paces of growth.

Computing Machinery Imports

Imports in the Middle East

Computing machinery imports surged to X tons in 2021, growing by 42% against 2020 figures. Overall, imports continue to indicate a mild increase. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, computing machinery imports soared to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.9% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main importer of computing machinery and parts and accessories thereof, achieving 42% of total imports. Turkey (X tons) held a 26% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (8.8%) and Israel (6.8%). Iraq (X tons), Iran (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of imports in 2021, together accounting for 75% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +9.2%, saw the highest growth rate of 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 2021, the import price in the Middle East amounted to $X per ton, picking up by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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