Middle East: Threshing Machinery Market 2024

Threshing Machinery Market Size in the Middle East

The Middle Eastern threshing machinery market stood at $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the market value increased by 8.7%. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in the Middle East

In value terms, threshing machinery production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.2% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in the Middle East

Threshing machinery exports soared to X units in 2022, rising by 20% compared with the previous year's figure. Total exports indicated a notable increase 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 +36.6% against 2015 indices. The pace of growth was the most pronounced in 2015 when exports increased by 26%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, threshing machinery exports skyrocketed to $X in 2022. Total exports indicated a resilient increase 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 +101.5% 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 dominates exports structure, accounting for X units, which was approx. 92% of total exports in 2022. It was distantly followed by Iran (X units), achieving a 7.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to threshing machinery exports from Turkey stood at +3.7%. At the same time, Iran (+7.9%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +7.9% from 2012-2022. Iran (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -2.7% from 2012 to 2022, respectively.

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

In Turkey, threshing machinery exports expanded at an average annual rate of +4.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the export price increased by 19%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: 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 the Middle East

In 2022, purchases abroad of threshing machinery except combine harvester-threshers was finally on the rise to reach X units after two years of decline. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 68% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, threshing machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 109%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iraq was the largest importing country with an import of around X units, which reached 66% of total imports. It was distantly followed by Iran (X units) and Yemen (X units), together making up a 19% share of total imports. Syrian Arab Republic (X units), Turkey (X units), the United Arab Emirates (X units) and Lebanon (X units) followed a long way behind the leaders.

Imports into Iraq increased at an average annual rate of +7.2% from 2012 to 2022. At the same time, the United Arab Emirates (+26.3%), Yemen (+26.3%), Lebanon (+24.6%), Syrian Arab Republic (+9.6%) and Iran (+2.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +26.3% from 2012-2022. By contrast, Turkey (-9.6%) illustrated a downward trend over the same period. Iraq (+12 p.p.), Yemen (+7.3 p.p.) and the United Arab Emirates (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Iran and Turkey saw its share reduced by -2.6% and -11.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in the Middle East, comprising 53% of total imports. The second position in the ranking was held by Iran ($X), with an 11% share of total imports. It was followed by Yemen, with an 8.5% share.

In Iraq, threshing machinery imports expanded at an average annual rate of +3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-0.2% per year) and Yemen (+22.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, dropping by -30.1% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 62%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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