Middle East: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in the Middle East

In 2021, the Middle Eastern panel display manufacturing machine market decreased by -11.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in the Middle East

In value terms, panel display manufacturing machine production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 6% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in the Middle East

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -65.7% to X units, falling for the second consecutive year after two years of growth. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of 283%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, panel display manufacturing machine exports reduced remarkably to $X in 2021. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 106% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units) and Turkey (X units) were the main exporters of machines for the manufacture of flat panel displays in 2021, finishing at approx. 43% and 30% of total exports, respectively. Israel (X units) ranks next in terms of the total exports with a 16% share, followed by Oman (8.1%). The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +9.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest panel display manufacturing machine supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value in Israel amounted to -9.9%. In the other countries, the average annual rates were as follows: Turkey (+0.2% per year) and Saudi Arabia (+9.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with an increase of 144% against the previous year. Over the period under review, the export price saw a perceptible increase. The most prominent rate of growth was recorded in 2020 an increase of 229% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+14.0%), while the other leaders experienced more modest paces of growth.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in the Middle East

In 2021, overseas purchases of machines for the manufacture of flat panel displays decreased by -35.3% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 1,304% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, panel display manufacturing machine imports dropped dramatically to $X in 2021. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 844%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X units), the United Arab Emirates (X units), Iran (X units) and Iraq (X units) represented roughly 87% of total imports in 2021. It was distantly followed by Israel (X units), generating a 4.8% share of total imports. The following importers - Bahrain (X units) and Kuwait (X units) - each finished at a 3.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest panel display manufacturing machine importing markets in the Middle East were Israel ($X), Turkey ($X) and Iran ($X), together comprising 76% of total imports.

Among the main importing countries, Iran, with a CAGR of +60.9%, 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 an increase of 27% against the previous year. In general, the import price, however, showed a deep slump. The pace of growth was the most pronounced in 2015 when the import price increased by 91%. The level of import peaked at $X per unit in 2016; however, from 2017 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 Israel ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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