MENA: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in MENA

In 2021, after two years of growth, there was significant decline in the MENA's vapour power unit market, when its value decreased by -30% to $X. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vapour Power Unit Production in MENA

In value terms, vapour power unit production reduced to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decrease. The growth pace was the most rapid in 2015 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Vapour Power Unit Exports

Exports in MENA

In 2021, overseas shipments of condensers for steam or other vapour power units increased by 58% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports saw tangible growth. The most prominent rate of growth was recorded in 2015 when exports increased by 255%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, vapour power unit exports skyrocketed to $X in 2021. In general, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2020 with an increase of 117% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporter of condensers for steam or other vapour power units in MENA, with the volume of exports finishing at X tons, which was near 77% of total exports in 2021. It was distantly followed by Turkey (X tons), generating a 19% share of total exports. Israel (X tons) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the condensers for steam or other vapour power units exports, with a CAGR of +6.2% from 2012 to 2021. Turkey (-1.6%) and Israel (-17.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+21 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-8.7 p.p.) and Israel (-11.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest vapour power unit supplier in MENA, comprising 86% of total exports. The second position in the ranking was taken by Israel ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (-16.4% per year) and Turkey (-18.5% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, reducing by -21.8% against the previous year. Over the period under review, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 64% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.1%), while the other leaders experienced a decline in the export price figures.

Vapour Power Unit Imports

Imports in MENA

In 2021, supplies from abroad of condensers for steam or other vapour power units decreased by -39.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 366%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, vapour power unit imports contracted sharply to $X in 2021. Overall, imports saw a deep slump. The pace of growth was the most pronounced in 2014 when imports increased by 242% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which finished at 40% of total imports. It was distantly followed by Saudi Arabia (X tons), Egypt (X tons), Oman (X tons) and Turkey (X tons), together comprising a 45% share of total imports. The following importers - Iran (X tons) and Algeria (X tons) - together made up 6.4% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt (with a CAGR of +66.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported condensers for steam or other vapour power units in MENA, comprising 46% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total imports. It was followed by Egypt, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +10.7%. In the other countries, the average annual rates were as follows: Saudi Arabia (-27.4% per year) and Egypt (+65.3% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 26% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vapour power unit import price decreased by -22.5% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform