Middle East: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in the Middle East

In 2021, after four years of growth, there was significant decline in the Middle Eastern market for electro-thermic appliances or domestic purposes, when its value decreased by -39.1% to $X. Overall, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020, and then contracted sharply in the following year.

Production of Electro-Thermic Appliances Or Domestic Purposes in the Middle East

In value terms, electro-thermic appliances or domestic purposes production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 69%. Over the period under review, production reached the peak level at $X in 2020, and then fell markedly in the following year.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in the Middle East

In 2021, shipments abroad of electro-thermic appliances or domestic purposes increased by 115% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 54% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X units, which amounted to 66% of total exports. It was distantly followed by Turkey (X units), achieving a 30% share of total exports. Saudi Arabia (X units) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes exports, with a CAGR of +22.1% from 2012 to 2021. At the same time, Saudi Arabia (+16.3%) and Turkey (+3.3%) displayed positive paces of growth. The United Arab Emirates (+36 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -31.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electro-thermic appliances or domestic purposes supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 97% of total exports.

The United Arab Emirates, with a CAGR of +34.8%, 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 unit in 2021, shrinking by -36.6% against the previous year. Over the period under review, the export price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2018 when the export price increased by 68% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then reduced notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) 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 (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in the Middle East

Electro-thermic appliances or domestic purposes imports expanded sharply to X units in 2021, growing by 11% against 2020 figures. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 24% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X units) was the key importer of electro-thermic appliances or domestic purposes, making up 40% of total imports. Iraq (X units) ranks second in terms of the total imports with a 16% share, followed by Turkey (13%), Saudi Arabia (11%) and Israel (8.8%). The following importers - Iran (X units) and Kuwait (X units) - together made up 4.9% of total imports.

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes imports into the United Arab Emirates stood at +7.4%. At the same time, Iraq (+25.2%), Israel (+9.7%) and Kuwait (+8.9%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +25.2% from 2012-2021. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Iran (-2.5%) and Turkey (-4.8%) illustrated a downward trend over the same period. Iraq (+13 p.p.), the United Arab Emirates (+8.9 p.p.) and Israel (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Iran, Saudi Arabia and Turkey saw its share reduced by -2.2%, -4.9% and -17.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

Israel, with a CAGR of +21.6%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+10.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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