MENA: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in MENA

In 2022, the MENA's industrial bakery machinery market decreased by -4.9% to $X, falling for the sixth year in a row after two years of growth. Overall, consumption showed a slight contraction. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in MENA

In value terms, industrial bakery machinery production dropped rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 60% 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.

Industrial Bakery Machinery Exports

Exports in MENA

After seven years of growth, shipments abroad of industrial bakery machinery decreased by -31.5% to X units in 2022. Total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of X units, and then declined rapidly in the following year.

In value terms, industrial bakery machinery exports fell to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +10.9% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Turkey was the main exporting country with an export of about X units, which reached 77% of total exports. It was distantly followed by Lebanon (X units), mixing up a 13% share of total exports. The United Arab Emirates (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery exports from Turkey stood at +6.8%. At the same time, Iran (+11.7%) and the United Arab Emirates (+10.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +11.7% from 2012-2022. Lebanon experienced a relatively flat trend pattern. Turkey (+12 p.p.) and the United Arab Emirates (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Lebanon saw its share reduced by -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest industrial bakery machinery supplier in MENA, comprising 71% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +7.8%. In the other countries, the average annual rates were as follows: Lebanon (+5.7% per year) and the United Arab Emirates (+10.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of 27% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+5.5%), while the other leaders experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports in MENA

In 2022, the amount of industrial bakery machinery imported in MENA fell modestly to X units, declining by -4.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 22%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell slightly in the following year.

In value terms, industrial bakery machinery imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Algeria (X units), Morocco (X units), Libya (X units), the United Arab Emirates (X units), Qatar (X units), Iran (X units), Turkey (X units), Iraq (X units), Israel (X units), Egypt (X units), Tunisia (X units) and Kuwait (X units) was the main importer of industrial bakery machinery in MENA, achieving 87% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Libya (with a CAGR of +33.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, with a combined 31% share of total imports. These countries were followed by Libya, Iran, Israel, Morocco, Egypt, Kuwait, Iraq, Tunisia and Qatar, which together accounted for a further 57%.

Libya, with a CAGR of +40.2%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in MENA amounted to $X per unit, falling by -19.5% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 4.5%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform