Middle East: Video Monitor Market 2024

Video Monitor Market Size in the Middle East

In 2021, the Middle Eastern video monitor market decreased by -3.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Video Monitor Production in the Middle East

In value terms, video monitor production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 76%. The level of production peaked at $X in 2020, and then declined markedly in the following year.

Video Monitor Exports

Exports in the Middle East

In 2021, shipments abroad of video monitors increased by 27% to X units, rising for the second year in a row after two years of decline. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +30.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 75% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, video monitor exports surged to $X in 2021. Over the period under review, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 27%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The shipments of the three major exporters of video monitors, namely the United Arab Emirates, Turkey and Israel, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +24.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Israel ($X) remains the largest video monitor supplier in the Middle East, comprising 59% of total exports. The second position in the ranking was held by Turkey ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +10.4%. In the other countries, the average annual rates were as follows: Turkey (+28.4% per year) and the United Arab Emirates (+1.6% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, dropping by -4.6% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, video monitor export price increased by +88.7% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 45%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020, and then declined in the following year.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($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 (+7.0%), while the other leaders experienced more modest paces of growth.

Video Monitor Imports

Imports in the Middle East

Video monitor imports surged to X units in 2021, with an increase of 16% against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21%. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, video monitor imports surged to $X in 2021. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X units) and Turkey (X units) were the main importers of video monitors in the Middle East, together achieving 69% of total imports. It was distantly followed by Israel (X units), committing a 13% share of total imports. Iraq (X units), Oman (X units), Kuwait (X units) and Iran (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest video monitor importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together accounting for 73% of total imports.

Turkey, with a CAGR of +9.5%, 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

In 2021, the import price in the Middle East amounted to $X per unit, rising by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per unit), while Oman ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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