Middle East: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in the Middle East

The Middle Eastern AC/DC motor market expanded slightly to $X in 2022, growing by X% against the previous year. Overall, consumption posted a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Ac/Dc Motor Production in the Middle East

In value terms, AC/DC motor production shrank modestly to $X in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ac/Dc Motor Exports

Exports in the Middle East

In 2022, ac/dc motor exports in the Middle East soared to X units, increasing by X% compared with 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, AC/DC motor exports surged to $X in 2022. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Yemen (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to AC/DC motor exports from Turkey stood at X%. At the same time, Yemen (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Yemen (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

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

In Turkey, AC/DC motor exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Ac/Dc Motor Imports

Imports in the Middle East

For the fourth year in a row, the Middle East recorded growth in overseas purchases of AC/DC motors, which increased by X% to X units in 2022. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, AC/DC motor imports expanded significantly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Turkey (X units) was the largest importer of AC/DC motors, constituting X% of total imports. Iran (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Iraq (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to AC/DC motor imports into Turkey stood at X%. At the same time, Iraq (X%), Iran (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported AC/DC motors in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, AC/DC motor imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a noticeable decrease. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a 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 the United Arab Emirates ($X per unit), while Iran ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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