Middle East: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in the Middle East

In 2021, the Middle Eastern electrical circuit apparatus market increased by 3.2% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, recorded a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Electrical Circuit Apparatus Production in the Middle East

In value terms, electrical circuit apparatus production declined modestly to $X in 2021 estimated in export price. In general, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 28%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports in the Middle East

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by 44% to X tons, rising for the fourth consecutive year after four years of decline. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.1% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented the largest exporters of electrical apparatus for circuit connection, switching and protection in 2021, reaching near 55% and 39% of total exports, respectively. It was distantly followed by the United Arab Emirates (X tons), generating a 39% share of total exports. Israel (X tons) and Saudi Arabia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

The United Arab Emirates, with a CAGR of +16.7%, recorded the highest rates of growth with regard to 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 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports in the Middle East

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection increased by 17% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) represented roughly 63% of total imports in 2021. Iraq (X tons) ranks next in terms of the total imports with a 12% share, followed by Qatar (3.4%) and Iran (3.9%). Oman (X tons), Iran (X tons), Bahrain (X tons), Yemen (X tons), Israel (X tons), Qatar (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Bahrain (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical circuit apparatus importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 68% of total imports. Israel, Iraq, Qatar, Kuwait, Iran, Oman, Bahrain and Yemen lagged somewhat behind, together comprising a further 30%.

Yemen, with a CAGR of +10.2%, 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 ton, surging by 5.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood 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 ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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