Middle East: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in the Middle East

In 2022, the Middle Eastern electrical signalling apparatus market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in the Middle East

In value terms, electrical signalling apparatus production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a mild increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electrical Signalling Apparatus Exports

Exports in the Middle East

In 2022, shipments abroad of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical signalling apparatus exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) was the main exporter of electrical apparatus for sound or visual signalling, making up X% of total exports. Israel (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Saudi Arabia (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest electrical signalling apparatus supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price 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, electrical signalling apparatus export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports in the Middle East

In 2022, imports of electrical apparatus for sound or visual signalling in the Middle East soared to X units, rising by X% against the previous year. In general, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical signalling apparatus imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the main importer of electrical apparatus for sound or visual signalling in the Middle East, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Turkey (X units) and Oman (X units), together mixing up a X% share of total imports. The following importers - Israel (X units), Kuwait (X units) and Jordan (X units) - each finished at an X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%), Jordan (X%), Oman (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman, Israel and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in the Middle East, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

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

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Jordan ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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