MENA: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in MENA

The MENA's feedstuff preparing machinery market contracted to $X in 2021, reducing by -12.7% against the previous year. Overall, consumption, however, saw temperate growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Feedstuff Preparing Machinery Production in MENA

In value terms, feedstuff preparing machinery production surged to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 59%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports in MENA

In 2021, overseas shipments of machinery for preparing animal feedstuffs decreased by -10.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 47%. Over the period under review, the exports attained the maximum at X units in 2020, and then declined in the following year.

In value terms, feedstuff preparing machinery exports contracted to $X in 2021. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. The level of export peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Turkey was the largest exporting country with an export of around X units, which amounted to 79% of total exports. It was distantly followed by Israel (X units), generating a 17% share of total exports. Tunisia (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +22.1% from 2012 to 2021. At the same time, Tunisia (+48.0%) and Israel (+1.8%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +48.0% from 2012-2021. From 2012 to 2021, the share of Turkey and Tunisia increased by +33 and +2.3 percentage points, respectively.

In value terms, Turkey ($X) remains the largest feedstuff preparing machinery supplier in MENA, comprising 67% of total exports. The second position in the ranking was taken by Israel ($X), with a 27% share of total exports.

In Turkey, feedstuff preparing machinery exports expanded at an average annual rate of +17.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+2.1% per year) and Tunisia (+44.1% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, growing by 2.8% against the previous year. In general, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2017 when the export price increased by 9.1%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Tunisia ($X per unit), while Turkey ($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 (+0.2%), while the other leaders experienced a decline in the export price figures.

Feedstuff Preparing Machinery Imports

Imports in MENA

In 2021, purchases abroad of machinery for preparing animal feedstuffs decreased by -21.7% to X units, falling for the second consecutive year after two years of growth. Total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -39.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 61%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, feedstuff preparing machinery imports reached $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 45% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Algeria (X units), distantly followed by Egypt (X units), Iraq (X units), Libya (X units), Iran (X units), Jordan (X units) and Oman (X units) represented the key importers of machinery for preparing animal feedstuffs, together mixing up 81% of total imports. Turkey (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in MENA, comprising 24% of total imports. The second position in the ranking was held by Egypt ($X), with an 11% share of total imports. It was followed by Iran, with an 8.5% share.

In Algeria, feedstuff preparing machinery imports expanded at an average annual rate of +5.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+1.5% per year) and Iran (-3.0% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, growing by 34% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, 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 Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform