Middle East: Electric Racing Set Market 2020

Electric Racing Set Exports in Middle East

In 2017, exports of electric car racing sets in Middle East amounted to X units, approximately equating the previous year. The electric racing set exports continue to indicate a drastic drop. The pace of growth was the most pronounced in 2012, when exports increased by X% year-to-year. In that year, the electric racing set exports reached their peak volume of X units. From 2013 to 2017, growth of the electric racing set exports failed to regain its momentum.

In value terms, electric racing set exports totaled $X in 2017. The total exports indicated a prominent growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric racing set exports increased by +X% against 2015 indices. In that year, the electric racing set exports reached their peak level of $X. From 2013 to 2017, growth of the electric racing set exports stood at a somewhat lower level.

Electric Racing Set Exports by Country in Middle East

Oman was the major exporter of electric car racing sets in Middle East, with the volume of exports amounting to X units, which was approx. X% of total exports in 2017. It was distantly followed by Yemen (X units), Kuwait (X units) and Israel (X units), together creating X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to electric racing set exports from Oman stood at +X%. At the same time, Yemen (+X%), Kuwait (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Kuwait, Yemen and Oman decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest electric racing set supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Oman ($X), with a X% share of global exports. It was followed by Yemen, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Israel totaled -X%. In the other countries, the average annual rates were as follows: Oman (+X% per year) and Yemen (+X% per year).

Electric Racing Set Export Prices by Country in Middle East

In 2017, the electric racing set export price in Middle East amounted to $X per unit, coming up by X% against the previous year. The electric racing set export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013, an increase of X% y-o-y. The level of export price peaked of $X thousand per unit in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Israel ($X thousand per unit), while Oman ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Yemen (+X% per year), while the other leaders experienced a decline in the export price figures.

Electric Racing Set Imports in Middle East

In 2017, electric racing set imports in Middle East totaled X units, increasing by X% against the previous year. The electric racing set imports continue to indicate a temperate growth. The most prominent rate of growth was recorded in 2012, when imports increased by X% y-o-y. The volume of imports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, electric racing set imports amounted to $X in 2017. The total imports indicated a perceptible increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electric racing set imports decreased by -X% against 2014 indices. Over the period under review, the electric racing set imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Electric Racing Set Imports by Country in Middle East

Kuwait was the major importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Bahrain (X units), making up X% share of total imports.

Kuwait was also the fastest growing in terms of the electric car racing sets imports, with a CAGR of +X% from 2007 to 2017. At the same time, Bahrain (+X%) displayed positive paces of growth. Bahrain (-X%) and Kuwait (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported electric car racing sets in Middle East, making up X% of global imports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of global imports.

In Kuwait, electric racing set imports increased at an average annual rate of +X% over the period from 2007-2017.

Electric Racing Set Import Prices by Country in Middle East

The electric racing set import price in Middle East stood at $X per unit in 2017, declining by -X% against the previous year. The electric racing set import price continues to indicate a slight growth. The growth pace was the most rapid in 2008, an increase of X% y-o-y. Over the period under review, the import prices for electric car racing sets attained its maximum level of $X per unit in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Bahrain ($X per thousand units) and Kuwait ($X per thousand units), while Kuwait ($X per thousand units) and Bahrain ($X per thousand units) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kuwait (-X% per year).

Source: IndexBox Platform