Middle East Cable Market Size

Middle East Cable Market Size

Middle East Cable Market size surpassed USD 9.5 billion in 2022 and is expected to grow at 8% CAGR from 2023 to 2032 backed by the flourishing Internet and telecom sector in the region.

The demand for electronic products with resilient and smart data distribution facilities has grown substantially in the Middle East, owing to rapid development in electronic structures. This has supported the expansion of the telecom and internet sector in countries such as Saudi Arabia and the UAE, favoring industry growth.
 

As per the International Trade Administration, the ICT industry in Saudi Arabia is the largest in the North Africa and Middle East region, valued at USD 32.1 billion. In fact, the government in the region is investing heavily in the regional telecom sector, which is likely to propel the demand for electrical products such as wires and cables for power transmission.
 

While growth opportunities are abundant, the middle east cable market is likely to experience sluggish growth due to the high reliance on regional imports. Many economies in the region have insufficient reserves for refined copper production, leading to increased local rod production and a surge in imports. Moreover, fluctuating prices of major raw materials such as copper and aluminium add to the cost of final products which poses challenges in imports, thus impacting the overall trade dynamics.