MENA: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in MENA

In 2022, the MENA's market for mechanical appliances for projecting, dispersing or spraying was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded temperate growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in MENA

In value terms, production of mechanical appliances for projecting, dispersing or spraying reached $X in 2022 estimated in export price. Over the period under review, production saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 65%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in MENA

Exports of mechanical appliances for projecting, dispersing or spraying skyrocketed to X units in 2022, rising by 33% compared with 2021 figures. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 76%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying skyrocketed to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 121% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey dominates spraying structure, reaching X units, which was near 82% of total exports in 2022. Israel (X units) held an 8.9% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (6.6%). Saudi Arabia (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying exports from Turkey stood at +13.9%. At the same time, Saudi Arabia (+27.0%), the United Arab Emirates (+7.8%) and Israel (+4.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +27.0% from 2012-2022. Turkey (+14 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Israel saw its share reduced by -2.9% and -8.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in MENA, comprising 63% of total exports. The second position in the ranking was held by Israel ($X), with a 26% share of total exports. It was followed by the United Arab Emirates, with an 8.9% share.

In Turkey, exports of mechanical appliances for projecting, dispersing or spraying expanded at an average annual rate of +15.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+5.3% per year) and the United Arab Emirates (+7.0% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, which is down by -5.2% against the previous year. In general, the export price saw a mild slump. The pace of growth was the most pronounced in 2015 when the export price increased by 31% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in MENA

Imports of mechanical appliances for projecting, dispersing or spraying fell to X units in 2022, which is down by -6% on the year before. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports of attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying expanded remarkably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 26% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) were the largest importers of mechanical appliances for projecting, dispersing or spraying in 2022, finishing at approx. 32% and 22% of total imports, respectively. Algeria (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Iran (6%) and Iraq (4.9%). Israel (X units), Egypt (X units), Morocco (X units), Jordan (X units) and Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in MENA, comprising 41% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Algeria, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +12.1%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.5% per year) and Algeria (+9.4% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, surging by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Jordan ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform