Middle East: Circuit Breaker Market 2024

Circuit Breaker Market Size in the Middle East

The Middle Eastern circuit breaker market shrank slightly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Circuit Breaker Production in the Middle East

In value terms, circuit breaker production shrank slightly to $X in 2022 estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Circuit Breaker Exports

Exports in the Middle East

In 2022, shipments abroad of automatic circuit breakers increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, circuit breaker exports soared to $X in 2022. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) dominates exports structure, together constituting X% of total exports. Saudi Arabia (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($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 (X%), while the other leaders experienced a decline in the export price figures.

Circuit Breaker Imports

Imports in the Middle East

In 2022, supplies from abroad of automatic circuit breakers increased by X% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, circuit breaker imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) represented roughly X% of total imports in 2022. It was distantly followed by Iraq (X units) and Israel (X units), together creating a X% share of total imports. The following importers - Kuwait (X units), Iran (X units), Qatar (X units) and Lebanon (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest circuit breaker importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), with a combined X% share of total imports. Iraq, Israel, Qatar, Iran and Lebanon lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, 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

In 2022, the import price in the Middle East amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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