Middle East: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the Middle East

For the third year in a row, the Middle Eastern market for turbo, rotary and reciporating displacement compressors recorded growth in sales value, which increased by 8.6% to $X in 2022. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.0% against 2018 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Turbo, Rotary and Reciporating Displacement Compressors in the Middle East

In value terms, production of turbo, rotary and reciporating displacement compressors reduced to $X in 2022 estimated in export price. Overall, production, however, showed a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 41%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in the Middle East

In 2022, exports of turbo, rotary and reciporating displacement compressors in the Middle East contracted to X units, declining by -8.2% compared with 2021 figures. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, exports of turbo, rotary and reciporating displacement compressors expanded remarkably to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 102% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkey was the key exporting country with an export of around X units, which resulted at 86% of total exports. It was distantly followed by the United Arab Emirates (X units), generating a 13% share of total exports.

Turkey was also the fastest-growing in terms of the turbo, rotary and reciporating displacement compressors exports, with a CAGR of +10.5% from 2012 to 2022. At the same time, the United Arab Emirates (+2.6%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by +11 percentage points.

In value terms, Turkey ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports.

In Turkey, exports of turbo, rotary and reciporating displacement compressors increased at an average annual rate of +11.6% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 43%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.0%).

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in supplies from abroad of turbo, rotary and reciporating displacement compressors, which increased by 8.6% to X units in 2022. Total imports indicated a perceptible 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, imports increased by +63.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of turbo, rotary and reciporating displacement compressors shrank slightly to $X in 2022. Over the period under review, imports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 9.5% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey was the largest importing country with an import of about X units, which finished at 38% of total imports. It was distantly followed by the United Arab Emirates (X units), Iraq (X units), Kuwait (X units), Iran (X units) and Israel (X units), together making up a 54% share of total imports. Jordan (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 leading importing countries, was attained by Iraq (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo, rotary and reciporating displacement compressor importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), with a combined 66% share of total imports. Iraq, Israel, Kuwait and Jordan lagged somewhat behind, together accounting for a further 16%.

Iraq, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the Middle East stood at $X per unit in 2022, waning by -8.7% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 9.6% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per unit), while Kuwait ($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 (-2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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