MENA: Shaft Coupling Market 2024

Shaft Coupling Market Size in MENA

The MENA's shaft coupling market rose rapidly to $X in 2022, with an increase of 5.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Shaft Coupling Production in MENA

In value terms, shaft coupling production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 100% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports in MENA

Shaft coupling exports dropped modestly to X tons in 2022, declining by -3.9% on the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, shaft coupling exports shrank to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.8% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Turkey (X tons) was the key exporter of clutches and shaft couplings, creating 73% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a 23% share of total exports.

Turkey was also the fastest-growing in terms of the clutches and shaft couplings exports, with a CAGR of +8.1% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. Turkey (+15 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -14.7% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest shaft coupling supplier in MENA, comprising 74% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +11.5%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.1%).

Shaft Coupling Imports

Imports in MENA

In 2022, supplies from abroad of clutches and shaft couplings increased by 9.6% to X tons, rising for the fourth consecutive year after four years of decline. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, shaft coupling imports totaled $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.3%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) was the main importer of clutches and shaft couplings, creating 32% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 16% share, followed by Iran (14%), Saudi Arabia (8.8%) and Morocco (7.7%). The following importers - Algeria (X tons), Iraq (X tons), Egypt (X tons), Israel (X tons) and Tunisia (X tons) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 56% of total imports. Iran, Morocco, Algeria, Egypt, Israel, Iraq and Tunisia lagged somewhat behind, together comprising a further 34%.

Tunisia, with a CAGR of +9.2%, saw the highest growth rate of 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

The import price in MENA stood at $X per ton in 2022, waning by -4.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11%. As a result, import price attained the peak level of $X per ton. From 2019 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 Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform