MENA: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in MENA

After two years of decline, the MENA's balloon and dirigible market increased by X% to $X in 2022. The total consumption indicated a slight increase 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 decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Balloon And Dirigible Production in MENA

In value terms, balloon and dirigible production declined rapidly to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Balloon And Dirigible Exports

Exports in MENA

In 2022, approx. X units of balloons, dirigibles and other non-powered aircraft were exported in MENA; jumping by X% compared with 2021 figures. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, balloon and dirigible exports contracted markedly to $X in 2022. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of balloons, dirigibles and other non-powered aircraft, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports. Israel (X units) took a relatively small 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 Turkey (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest balloon and dirigible supplying countries in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Israel ($X per unit), while the United Arab Emirates ($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 a decline in the export price figures.

Balloon And Dirigible Imports

Imports in MENA

In 2022, overseas purchases of balloons, dirigibles and other non-powered aircraft increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a mild curtailment. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, balloon and dirigible imports fell markedly to $X in 2022. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2022, Turkey (X units) represented the largest importer of balloons, dirigibles and other non-powered aircraft, creating X% of total imports. Iraq (X units) ranks second in terms of the total imports with an X% share, followed by the United Arab Emirates (X%), Israel (X%) and Morocco (X%). The following importers - Iran (X units) and Bahrain (X units) - each resulted at a X% share of total imports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Morocco ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Iraq, Israel, Iran and Bahrain lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per unit, and then shrank dramatically in the following year.

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 ($X per unit), while Bahrain ($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 more modest paces of growth.

Source: IndexBox Platform