MENA: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in MENA

The MENA's steam blasting machine market reduced to $X in 2021, falling by -6.9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in MENA

In value terms, steam blasting machine production shrank modestly to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 84%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in MENA

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported in MENA soared to X units, rising by 90% against the previous year's figure. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.8% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) was the main exporter of steam or sand blasting machines and similar jet-projecting machines, comprising 63% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a 22% share, followed by Morocco (5%) and Oman (4.7%). The following exporters - Libya (X units) and Israel (X units) - each reached a 4.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine exports from Turkey stood at +10.8%. At the same time, Morocco (+60.7%), Libya (+60.5%), Oman (+55.2%) and Israel (+8.6%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +60.7% from 2012-2021. By contrast, the United Arab Emirates (-2.8%) illustrated a downward trend over the same period. Turkey (+20 p.p.), Morocco (+4.9 p.p.), Oman (+4.5 p.p.) and Libya (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -27.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest steam blasting machine supplier in MENA, comprising 72% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Israel, with a 2.6% share.

In Turkey, steam blasting machine exports expanded at an average annual rate of +11.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-1.1% per year) and Israel (-1.7% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, declining by -31.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Libya ($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 (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Steam Blasting Machine Imports

Imports in MENA

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported in MENA; growing by 15% on the previous year. Overall, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 107%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar was the largest importing country with an import of about X units, which reached 40% of total imports. Egypt (X units) ranks second in terms of the total imports with an 11% share, followed by the United Arab Emirates (11%), Turkey (7.9%), Algeria (7.4%) and Iraq (5.9%). Israel (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine imports into Qatar stood at +9.1%. At the same time, Algeria (+26.4%), Egypt (+22.9%), Israel (+4.8%), Iraq (+3.7%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +26.4% from 2012-2021. By contrast, Turkey (-15.5%) illustrated a downward trend over the same period. While the share of Qatar (+18 p.p.), Egypt (+8.8 p.p.) and Algeria (+6.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-35.6 p.p.) displayed negative dynamics. 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 42% of total imports. These countries were followed by Algeria, Egypt, Qatar and Iraq, which together accounted for a further 23%.

Among the main importing countries, Egypt, with a CAGR of +8.4%, 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

The import price in MENA stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the import price showed a slight descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 55% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform