Middle East: Levels Market 2024

Levels Market Size in the Middle East

In 2022, after three years of growth, there was significant decline in the Middle Eastern levels market, when its value decreased by X% to $X. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Levels Production in the Middle East

In value terms, levels production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Levels Exports

Exports in the Middle East

After six years of decline, shipments abroad of levels increased by X% to X units in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, levels exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. The following exporters - Turkey (X units), Saudi Arabia (X units) and Kuwait (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to levels exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Saudi Arabia (X p.p.) and Kuwait (X 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 ($X) emerged as the largest levels supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Turkey ($X per unit), while Saudi Arabia ($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 (X%), while the other leaders experienced more modest paces of growth.

Levels Imports

Imports in the Middle East

In 2022, the amount of levels imported in the Middle East rose remarkably to X units, with an increase of X% compared with the year before. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, levels imports declined dramatically to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Turkey (X units), comprising a X% share of total imports. The following importers - Israel (X units), Iran (X units), Iraq (X units) and Bahrain (X units) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the levels imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%), Israel (X%) and Iraq (X%) displayed positive paces of growth. Bahrain and Iran experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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