Middle East: Resistor Market 2024

Resistor Market Size in the Middle East

The Middle Eastern resistor market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Resistor Production in the Middle East

In value terms, resistor production expanded to $X in 2022 estimated in export price. In general, production, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Resistor Exports

Exports in the Middle East

In 2022, shipments abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the fourth consecutive year after four years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, resistor exports surged to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Israel (X units) represented roughly X% of total exports in 2022.

Israel experienced a relatively flat trend pattern with regard to volume of exports of electrical resistors (except heating resistors). The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) also remains the largest resistor supplier in the Middle East.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per thousand units in 2022, increasing by X% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to X% per year.

Resistor Imports

Imports in the Middle East

In 2022, after two years of growth, there was significant decline in overseas purchases of electrical resistors (except heating resistors), when their volume decreased by X% to X units. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, resistor imports contracted to $X in 2022. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Iran (X units), achieving a X% share of total imports. The United Arab Emirates (X units) and Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to resistor imports into Turkey stood at X%. At the same time, Oman (X%), Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported electrical resistors (except heating resistors) in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, resistor imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per thousand units in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per thousand units), while Turkey ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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