MENA: Threshing Machinery Market 2024

Threshing Machinery Market Size in MENA

The MENA's threshing machinery market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the market value increased by 7.7% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in MENA

In value terms, threshing machinery production amounted to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 6.5% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Threshing Machinery Exports

Exports in MENA

In 2022, the amount of threshing machinery except combine harvester-threshers exported in MENA skyrocketed to X units, with an increase of 20% on 2021. Total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +36.0% against 2015 indices. The pace of growth was the most pronounced in 2015 when exports increased by 26% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, threshing machinery exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by +101.3% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was near 92% of total exports in 2022. It was distantly followed by Iran (X units), constituting a 7.2% share of total exports.

Exports from Turkey increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Iran (+7.9%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +7.9% from 2012-2022. While the share of Iran (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (-2.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest threshing machinery supplier in MENA, comprising 88% of total exports. The second position in the ranking was taken by Iran ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +4.4%.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, jumping by 15% against the previous year. Overall, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Iran ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+3.5%).

Threshing Machinery Imports

Imports in MENA

In 2022, supplies from abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports totaled $X in 2022. Overall, imports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Iraq (X units) and Morocco (X units) prevails in imports structure, together generating 70% of total imports. Iran (X units) held a 5.9% share (based on physical terms) of total imports, which put it in second place, followed by Yemen (4.9%). The following importers - Tunisia (X units), Djibouti (X units) and Egypt (X units) - together made up 9.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Djibouti (with a CAGR of +29.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threshing machinery importing markets in MENA were Iraq ($X), Morocco ($X) and Egypt ($X), with a combined 65% share of total imports. These countries were followed by Iran, Djibouti, Yemen and Tunisia, which together accounted for a further 19%.

Djibouti, with a CAGR of +22.4%, saw the highest growth rate of 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, shrinking by -11.1% against the previous year. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in 2013 when the import price increased by 53%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Egypt ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform