Middle East: Measuring Instrument Market 2022

Measuring Instrument Market Size in the Middle East

The Middle Eastern measuring instrument market shrank notably to $X in 2021, dropping by -28.7% against the previous year. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2020, and then contracted rapidly in the following year.

Measuring Instrument Production in the Middle East

In value terms, measuring instrument production declined to $X in 2021 estimated in export price. The total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +11.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, production reached the peak level of $X, and then reduced in the following year.

Measuring Instrument Exports

Exports in the Middle East

After three years of decline, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by 126% to X units in 2021. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports soared to $X in 2021. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the key exporter of instruments and apparatus for measuring or checking the flow or level of liquids in the Middle East, with the volume of exports accounting for X units, which was approx. 76% of total exports in 2021. It was distantly followed by Turkey (X units), making up a 19% share of total exports. Israel (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the instruments and apparatus for measuring or checking the flow or level of liquids exports, with a CAGR of +16.1% from 2012 to 2021. At the same time, Turkey (+15.6%) and Israel (+14.5%) displayed positive paces of growth. The United Arab Emirates (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest measuring instrument supplier in the Middle East, comprising 73% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +17.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+10.7% per year) and Israel (+16.2% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, declining by -9.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 64% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Measuring Instrument Imports

Imports in the Middle East

In 2021, supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids was finally on the rise to reach X units after two years of decline. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 27% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, measuring instrument imports totaled $X in 2021. Overall, imports, however, recorded a perceptible reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia represented the largest importer of instruments and apparatus for measuring or checking the flow or level of liquids in the Middle East, with the volume of imports finishing at X units, which was near 39% of total imports in 2021. Turkey (X units) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (10%), Oman (10%) and Iran (5.9%). The following importers - Kuwait (X units) and Israel (X units) - each reached a 7.9% share of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), together comprising 64% of total imports.

Among the main importing countries, Turkey, with a CAGR of +2.9%, recorded 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

The import price in the Middle East stood at $X per unit in 2021, with a decrease of -4.9% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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