MENA: Engine Generator Market 2024

Engine Generator Market Size in MENA

The MENA's engine generator market totaled $X in 2022, with an increase of 14% against the previous year. In general, consumption, however, continues to indicate a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Engine Generator Production in MENA

In value terms, engine generator production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports in MENA

In 2022, overseas shipments of generators for internal combustion engines decreased by -4.8% to X units, falling for the eighth consecutive year after three years of growth. In general, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 13% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports fell to $X in 2022. Overall, exports recorded a noticeable setback. The pace of growth was the most pronounced in 2013 when exports increased by 17%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporter of generators for internal combustion engines in MENA, with the volume of exports accounting for X units, which was near 69% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, followed by Tunisia (X units). All these countries together held near 28% share of total exports.

Exports from Turkey decreased at an average annual rate of -4.2% from 2012 to 2022. At the same time, the United Arab Emirates (+9.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +9.3% from 2012-2022. By contrast, Tunisia (-2.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-4.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest engine generator supplier in MENA, comprising 72% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to -4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+8.1% per year) and Tunisia (-6.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, reducing by -3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 11%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.0%), while the other leaders experienced a decline in the export price figures.

Engine Generator Imports

Imports in MENA

After two years of growth, purchases abroad of generators for internal combustion engines decreased by -1.6% to X units in 2022. In general, imports saw a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, engine generator imports contracted slightly to $X in 2022. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when imports increased by 21% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the major importers of generators for internal combustion engines in 2022, accounting for near 31% and 26% of total imports, respectively. Morocco (X units) ranks next in terms of the total imports with a 15% share, followed by Iraq (5.1%) and Algeria (5%). Israel (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported generators for internal combustion engines in MENA, comprising 40% of total imports. The second position in the ranking was taken by Morocco ($X), with a 19% share of total imports. It was followed by the United Arab Emirates, with a 14% share.

In Turkey, engine generator imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+33.7% per year) and the United Arab Emirates (-5.6% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in 2016 when the import price increased by 9% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform