Middle East: Timer Market 2025

Timer Market Size in the Middle East

The Middle Eastern timer market reduced markedly to $X in 2022, shrinking by -23.8% against the previous year. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Timer Production in the Middle East

In value terms, timer production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 86% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Timer Exports

Exports in the Middle East

In 2022, shipments abroad of timers increased by 43% to X units, rising for the second consecutive year after two years of decline. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 238% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, timer exports dropped rapidly to $X in 2022. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 174% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) was the main exporter of timers, achieving 57% of total exports. The United Arab Emirates (X units) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by Israel (6.4%) and Bahrain (4.7%). Oman (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to timer exports from Turkey stood at +16.6%. At the same time, Bahrain (+27.4%), the United Arab Emirates (+20.2%) and Oman (+17.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +27.4% from 2012-2022. By contrast, Israel (-9.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Bahrain increased by +33, +19 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest timer supplier in the Middle East, comprising 62% of total exports. The second position in the ranking was held by Turkey ($X), with a 9.2% share of total exports. It was followed by Oman, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +18.3%. In the other countries, the average annual rates were as follows: Turkey (+6.1% per year) and Oman (+6.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, waning by -54.1% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the export price increased by 168%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.6%), while the other leaders experienced a decline in the export price figures.

Timer Imports

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in purchases abroad of timers, when their volume decreased by -13.2% to X units. In general, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2019 when imports increased by 105% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, timer imports shrank markedly to $X in 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 182% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey prevails in imports structure, accounting for X units, which was near 86% of total imports in 2022. It was distantly followed by Israel (X units), making up an 8.3% share of total imports. The United Arab Emirates (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the timers imports, with a CAGR of +14.3% from 2012 to 2022. At the same time, Israel (+8.2%) displayed positive paces of growth. By contrast, the United Arab Emirates (-11.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Israel increased by +50 and +2.2 percentage points, respectively.

In value terms, Israel ($X) constitutes the largest market for imported timers in the Middle East, comprising 40% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel amounted to +5.4%. In the other countries, the average annual rates were as follows: Turkey (+5.0% per year) and the United Arab Emirates (-19.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, falling by -33.4% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by 37%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Israel (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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