Middle East: Rough Watch Movements Market 2025

Rough Watch Movements Market Size in the Middle East

The Middle Eastern rough watch movements market rose markedly to $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption, however, faced a dramatic descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Rough Watch Movements Production in the Middle East

In value terms, rough watch movements production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 12%. As a result, production reached the peak level of $X, and then contracted in the following year.

Rough Watch Movements Exports

Exports in the Middle East

In 2021, shipments abroad of rough watch movements was finally on the rise to reach X units after four years of decline. Overall, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2013 with an increase of 172% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, rough watch movements exports fell remarkably to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 549%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of rough watch movements, namely Turkey, represented more than two-thirds of total export.

Turkey was also the fastest-growing in terms of the rough watch movements exports, with a CAGR of -2.8% from 2012 to 2021. From 2012 to 2021, the share of Turkey increased by +95 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest rough watch movements supplier in the Middle East.

In Turkey, rough watch movements exports expanded at an average annual rate of +29.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with a decrease of -69.4% against the previous year. In general, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2015 when the export price increased by 329% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +33.1% per year.

Rough Watch Movements Imports

Imports in the Middle East

In 2021, after two years of decline, there was significant growth in supplies from abroad of rough watch movements, when their volume increased by 88% to X units. Over the period under review, imports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 480% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, rough watch movements imports surged to $X in 2021. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 373%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the main importer of rough watch movements in the Middle East, with the volume of imports resulting at X units, which was near 42% of total imports in 2021. It was distantly followed by Qatar (X units), Israel (X units) and Iran (X units), together constituting a 57% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to rough watch movements imports into the United Arab Emirates stood at +28.5%. At the same time, Qatar (+4,890.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +4,890.0% from 2012-2021. By contrast, Israel (-4.9%) and Iran (-13.7%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+41 p.p.), Qatar (+21 p.p.) and Israel (+10 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported rough watch movements in the Middle East, comprising 88% of total imports. The second position in the ranking was taken by Israel ($X), with a 4.4% share of total imports. It was followed by Iran, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +68.9%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+1.6% per year) and Iran (-10.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, reducing by -24.1% against the previous year. In general, the import price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 230% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2020, and then fell rapidly in the following year.

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 the United Arab Emirates ($X per unit), while Qatar ($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 (+31.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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