Middle East: Magnetic Media Market 2025

Magnetic Media Market Size in the Middle East

The Middle Eastern magnetic media market rose slightly to $X in 2021, surging by 4.7% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Magnetic Media Production in the Middle East

In value terms, magnetic media production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Magnetic Media Exports

Exports in the Middle East

For the fourth year in a row, the Middle East recorded decline in shipments abroad of magnetic media, not recorded, except cards with a magnetic stripe, which decreased by -60.3% to X units in 2021. Overall, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 211%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, magnetic media exports reduced remarkably to $X in 2021. In general, exports faced a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 91%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) represented the major exporter of magnetic media, not recorded, except cards with a magnetic stripe, generating 48% of total exports. Israel (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Iran (6.8%), Bahrain (6.4%), Kuwait (6%) and Turkey (5.8%). Saudi Arabia (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to magnetic media exports from the United Arab Emirates stood at -38.4%. Bahrain and Kuwait experienced a relatively flat trend pattern. Saudi Arabia (-9.5%), Iran (-17.0%), Israel (-24.2%) and Turkey (-28.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel, Bahrain, Iran, Kuwait, Saudi Arabia and Turkey increased by +14, +6.2, +5.9, +5.9, +3.5 and +3 percentage points, respectively.

In value terms, Israel ($X), the United Arab Emirates ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2021, together accounting for 77% of total exports.

Bahrain, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, falling by -14.7% against the previous year. Over the period under review, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 272%. The level of export peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 the United Arab Emirates (+33.0%), while the other leaders experienced more modest paces of growth.

Magnetic Media Imports

Imports in the Middle East

In 2021, approx. X units of magnetic media, not recorded, except cards with a magnetic stripe were imported in the Middle East; waning by -16.4% on the previous year. In general, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 4.3%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports dropped modestly to $X in 2021. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 9.8% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) dominates imports structure, together making up 76% of total imports. Kuwait (X units) took a 7.8% share (based on physical terms) of total imports, which put it in second place, followed by Israel (5.1%). Palestine (X units), Iraq (X units) and Iran (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Palestine (with a CAGR of +5.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe in the Middle East, comprising 40% of total imports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -14.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+12.7% per year) and Turkey (-10.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, increasing by 16% against the previous year. In general, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 52% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+37.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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