Middle East: Memories Market 2025

Memories Market Size in the Middle East

The Middle Eastern memories market surged to $X in 2021, rising by 16% against the previous year. The total consumption indicated modest 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, consumption decreased by -5.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Memories Production in the Middle East

In value terms, memories production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Memories Exports

Exports in the Middle East

Memories exports declined dramatically to X units in 2021, waning by -66% compared with 2020. In general, exports faced a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 193%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, memories exports reduced dramatically to $X in 2021. Over the period under review, exports recorded a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 288%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the two major exporters of multichip integrated circuits: memories, namely Israel and the United Arab Emirates, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +25.7%).

In value terms, the largest memories supplying countries in the Middle East were Israel ($X) and the United Arab Emirates ($X).

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +31.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, which is down by -37.9% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 320% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020, and then dropped significantly 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 the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%).

Memories Imports

Imports in the Middle East

In 2021, purchases abroad of multichip integrated circuits: memories increased by 18% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, memories imports surged to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 97%. 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 was the largest importer of multichip integrated circuits: memories in the Middle East, with the volume of imports recording X units, which was approx. 56% of total imports in 2021. Israel (X units) took the second position in the ranking, distantly followed by the United Arab Emirates (X units). All these countries together held near 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +16.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest memories importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 91% of total imports.

Israel, with a CAGR of +14.4%, saw the highest rates of growth with regard to 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 2021, jumping by 58% against the previous year. Overall, the import price enjoyed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Turkey (+10.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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