Middle East: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in the Middle East

The Middle Eastern electric heating equipment market dropped markedly to $X in 2022, with a decrease of -27.1% against the previous year. Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Electric Heating Equipment Production in the Middle East

In value terms, electric heating equipment production declined to $X in 2022 estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports in the Middle East

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 95% to X units, rising for the fifth consecutive year after five years of decline. Over the period under review, exports enjoyed a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports expanded rapidly to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.4% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Turkey represented the main exporting country with an export of around X units, which finished at 69% of total exports. It was distantly followed by Bahrain (X units), committing a 27% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of electric space heating apparatus and soil heating apparatus. At the same time, Bahrain (+88.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +88.5% from 2012-2022. From 2012 to 2022, the share of Bahrain increased by +27 percentage points.

In value terms, Turkey ($X) remains the largest electric heating equipment supplier in the Middle East, comprising 93% of total exports. The second position in the ranking was held by Bahrain ($X), with a 0.3% share of total exports.

In Turkey, electric heating equipment exports increased at an average annual rate of +3.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, waning by -43.5% against the previous year. In general, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2016 an increase of 22%. The level of export peaked at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Bahrain amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%).

Electric Heating Equipment Imports

Imports in the Middle East

In 2022, electric heating equipment imports in the Middle East reached X units, growing by 5.1% compared with 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 102% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, electric heating equipment imports stood at $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Iraq was the main importing country with an import of about X units, which accounted for 54% of total imports. Saudi Arabia (X units) ranks second in terms of the total imports with a 16% share, followed by the United Arab Emirates (8.9%) and Israel (6.2%). Turkey (X units), Kuwait (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric heating equipment imports into Iraq stood at +2.1%. At the same time, Saudi Arabia (+8.6%) and Kuwait (+4.9%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.6% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.1%), Israel (-6.3%) and Turkey (-7.7%) illustrated a downward trend over the same period. Saudi Arabia (+8.4 p.p.) and Iraq (+7.9 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Turkey and Israel saw its share reduced by -1.6%, -5.5% and -6.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. The United Arab Emirates, Turkey, Kuwait and Iran lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Kuwait, with a CAGR of +10.3%, 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 2022, the import price in the Middle East amounted to $X per unit, waning by -3.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 22%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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