MENA: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in MENA

In 2021, after six years of growth, there was significant decline in the MENA's dry-cleaning machine market, when its value decreased by -52% to $X. Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Dry-Cleaning Machine Production in MENA

In value terms, dry-cleaning machine production declined notably to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,808% against the previous year. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Dry-Cleaning Machine Exports

Exports in MENA

In 2021, shipments abroad of dry-cleaning machines increased by 44% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 96%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, dry-cleaning machine exports expanded to $X in 2021. Overall, exports, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 108%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X units), the United Arab Emirates (X units) and Turkey (X units) represented roughly 90% of total exports in 2021. It was distantly followed by Jordan (X units), comprising a 5.4% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +2.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest dry-cleaning machine supplier in MENA, comprising 58% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by Israel, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to -4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-3.3% per year) and Israel (+21.7% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, with a decrease of -29.2% against the previous year. In general, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+19.0%), while the other leaders experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports in MENA

In 2021, overseas purchases of dry-cleaning machines decreased by -71.4% to X units, falling for the second consecutive year after three years of growth. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of 1,290% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dry-cleaning machine imports declined sharply to $X in 2021. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 46% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X units) represented the largest importer of dry-cleaning machines, making up 62% of total imports. It was distantly followed by the United Arab Emirates (X units), mixing up a 12% share of total imports. The following importers - Israel (X units), Morocco (X units), Iraq (X units), Kuwait (X units), Iran (X units), Tunisia (X units), Algeria (X units) and Turkey (X units) - together made up 22% of total imports.

Imports into Qatar decreased at an average annual rate of -14.6% from 2012 to 2021. At the same time, Morocco (+6.3%) and Israel (+4.4%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +6.3% from 2012-2021. By contrast, Kuwait (-5.7%), Iran (-6.4%), the United Arab Emirates (-6.7%), Iraq (-8.6%), Algeria (-13.6%), Turkey (-15.5%) and Tunisia (-16.0%) illustrated a downward trend over the same period. While the share of Qatar (+17 p.p.), the United Arab Emirates (+8.4 p.p.), Israel (+3.6 p.p.), Morocco (+3 p.p.), Kuwait (+2.1 p.p.), Iraq (+1.9 p.p.) and Iran (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dry-cleaning machines in MENA, comprising 28% of total imports. The second position in the ranking was held by Kuwait ($X), with a 12% share of total imports. It was followed by Turkey, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -10.6%. In the other countries, the average annual rates were as follows: Kuwait (-4.1% per year) and Turkey (-15.3% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, surging by 168% against the previous year. Over the period under review, the import price posted a resilient expansion. The growth pace was the most rapid in 2020 when the import price increased by 739% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+19.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform