MENA: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in MENA

After nine years of growth, the MENA's positive displacement pump market decreased by -3.2% to $X in 2021. Over the period under review, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Positive Displacement Pump Production in MENA

In value terms, positive displacement pump production rose notably to $X in 2021 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 133%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Positive Displacement Pump Exports

Exports in MENA

In 2021, after two years of growth, there was significant decline in shipments abroad of positive displacement pumps and hand pumps, when their volume decreased by -34.3% to X units. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 196% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, positive displacement pump exports fell remarkably to $X in 2021. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 87%. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Turkey represented the largest exporter of positive displacement pumps and hand pumps in MENA, with the volume of exports resulting at X units, which was approx. 82% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), mixing up a 12% share of total exports. Israel (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from Turkey stood at +10.3%. At the same time, Israel (+20.8%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +20.8% from 2012-2021. By contrast, the United Arab Emirates (-7.5%) illustrated a downward trend over the same period. Turkey (+25 p.p.) and Israel (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -27.6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest positive displacement pump supplier in MENA, comprising 72% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports.

In Turkey, positive displacement pump exports expanded at an average annual rate of +7.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.4% per year) and Israel (+21.9% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, growing by 18% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, positive displacement pump export price decreased by -37.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.3%), while the other leaders experienced mixed trends in the export price figures.

Positive Displacement Pump Imports

Imports in MENA

In 2021, the amount of positive displacement pumps and hand pumps imported in MENA fell to X units, with a decrease of -15% compared with 2020 figures. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.7% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by 53%. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, positive displacement pump imports contracted rapidly to $X in 2021. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 87% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2021, Turkey (X units) represented the major importer of positive displacement pumps and hand pumps, constituting 60% of total imports. Iran (X units) ranks second in terms of the total imports with a 12% share, followed by the United Arab Emirates (12%) and Israel (7.6%).

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump imports into Turkey stood at +5.6%. At the same time, the United Arab Emirates (+15.6%), Israel (+8.5%) and Iran (+7.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.6% from 2012-2021. The United Arab Emirates (+6 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 59% of total imports. Iran lagged somewhat behind, comprising a further 5.4%.

In terms of the main importing countries, Iran, with a CAGR of +8.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, dropping by -11.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 an increase of 22%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+0.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform