Middle East: Lcds And Plasmas Market 2024

Lcds And Plasmas Market Size in the Middle East

The Middle Eastern LCDs and plasmas market dropped slightly to $X in 2022, waning by -3.8% against the previous year. Overall, consumption recorded a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lcds And Plasmas Production in the Middle East

In value terms, LCDs and plasmas production contracted to $X in 2022 estimated in export price. In general, production saw a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lcds And Plasmas Exports

Exports in the Middle East

In 2022, shipments abroad of flat panel video monitor, lcd or plasma decreased by -15.6% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 483%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, LCDs and plasmas exports contracted sharply to $X in 2022. Overall, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2015 when exports increased by 163% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Oman (X units) represented the key exporter of flat panel video monitor, lcd or plasma, mixing up 61% of total exports. It was distantly followed by Turkey (X units), Israel (X units) and the United Arab Emirates (X units), together generating a 34% share of total exports. The following exporters - Bahrain (X units) and Saudi Arabia (X units) - each reached a 4.3% share of total exports.

Exports from Oman increased at an average annual rate of +48.4% from 2012 to 2022. At the same time, Bahrain (+54.1%) and Turkey (+7.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +54.1% from 2012-2022. By contrast, Saudi Arabia (-1.5%), the United Arab Emirates (-2.4%) and Israel (-7.0%) illustrated a downward trend over the same period. While the share of Oman (+58 p.p.) and Bahrain (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-2.5 p.p.), the United Arab Emirates (-9.3 p.p.) and Israel (-46.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together accounting for 85% of total exports. Oman, Saudi Arabia and Bahrain lagged somewhat behind, together comprising a further 13%.

Bahrain, with a CAGR of +48.6%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in the Middle East amounted to $X per unit, with a decrease of -11.7% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by 55% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+15.1%), while the other leaders experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports in the Middle East

In 2022, overseas purchases of flat panel video monitor, lcd or plasma increased by 0.7% to X units, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 42% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, LCDs and plasmas imports stood at $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when imports increased by 26%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Turkey was the major importing country with an import of about X units, which recorded 64% of total imports. It was distantly followed by the United Arab Emirates (X units) and Israel (X units), together creating a 27% share of total imports. The following importers - Iran (X units) and Bahrain (X units) - each accounted for a 3.7% share of total imports.

Imports into Turkey increased at an average annual rate of +11.4% from 2012 to 2022. At the same time, Bahrain (+43.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +43.1% from 2012-2022. Iran and Israel experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Bahrain increased by +41 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest LCDs and plasmas importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 69% of total imports. Bahrain and Iran lagged somewhat behind, together comprising a further 2.3%.

Among the main importing countries, Bahrain, with a CAGR of +29.8%, saw the highest rates of growth with regard to 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, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2016 an increase of 19%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Iran ($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 (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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