Middle East: Silencer Market 2024

Silencer Market Size in the Middle East

The Middle Eastern silencer market contracted to $X in 2021, waning by -7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Silencer Production in the Middle East

In value terms, silencer production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Silencer Exports

Exports in the Middle East

Silencer exports rose rapidly to X tons in 2021, with an increase of 10% against 2020. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, silencer exports soared to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was near 95% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the silencers and exhaust pipes exports, with a CAGR of +2.1% from 2012 to 2021. The United Arab Emirates (-4.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +6.8 percentage points.

In value terms, Turkey ($X) remains the largest silencer supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +3.8%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, picking up by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.7%).

Silencer Imports

Imports in the Middle East

In 2021, overseas purchases of silencers and exhaust pipes increased by 0.7% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.3% 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 2017 with an increase of 17%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, silencer imports soared to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.4% against 2019 indices. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the largest importing country with an import of around X tons, which finished at 41% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons), Iraq (X tons) and Iran (X tons), together making up a 46% share of total imports. Oman (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to silencer imports into Turkey stood at +4.6%. At the same time, Yemen (+8.0%), Oman (+4.9%), Iraq (+4.0%), the United Arab Emirates (+3.9%) and Iran (+1.9%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.0% from 2012-2021. By contrast, Saudi Arabia (-5.6%) illustrated a downward trend over the same period. While the share of Turkey (+7.3 p.p.) and the United Arab Emirates (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported silencers and exhaust pipes in the Middle East, comprising 70% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Iran, with a 4.9% share.

In Turkey, silencer imports expanded at an average annual rate of +9.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.9% per year) and Iran (-8.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :