Middle East: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in the Middle East

In 2022, after three years of growth, there was significant decline in the Middle Eastern market for vacuum pumps and air or gas compressors, when its value decreased by -24% to $X. Over the period under review, consumption recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Vacuum Pumps and Air or Gas Compressors in the Middle East

In value terms, production of vacuum pumps and air or gas compressors shrank markedly to $X in 2022 estimated in export price. Overall, production recorded notable growth. The growth pace was the most rapid in 2018 when the production volume increased by 62%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in the Middle East

In 2022, approx. X units of vacuum pumps and air or gas compressors were exported in the Middle East; rising by 2.4% on the previous year. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +24.4% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 41%. Over the period under review, the exports of reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors totaled $X in 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2017 when exports increased by 58%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Turkey prevails in compressors structure, resulting at X units, which was approx. 84% of total exports in 2022. The United Arab Emirates (X units) ranks second in terms of the total exports with a 7.6% share, followed by Israel (6.7%).

Turkey was also the fastest-growing in terms of the vacuum pumps and air or gas compressors exports, with a CAGR of +11.1% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. Israel (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by +39 percentage points.

In value terms, Turkey ($X) remains the largest vacuum pump and air or gas compressor supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports.

In Turkey, exports of vacuum pumps and air or gas compressors expanded at an average annual rate of +10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.0% per year) and Israel (+10.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, rising by 8.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2015 an increase of 28%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 the United Arab Emirates ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+27.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in the Middle East

In 2022, purchases abroad of vacuum pumps and air or gas compressors decreased by -7.8% to X units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, imports of vacuum pumps and air or gas compressors dropped to $X in 2022. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) was the major importer of vacuum pumps and air or gas compressors, committing 55% of total imports. The United Arab Emirates (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Iran (10%) and Iraq (5.4%). Israel (X units), Kuwait (X units) and Lebanon (X units) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Lebanon (+8.7%), the United Arab Emirates (+6.3%) and Kuwait (+4.5%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.7% from 2012-2022. Iraq and Israel experienced a relatively flat trend pattern. By contrast, Iran (-1.5%) illustrated a downward trend over the same period. While the share of Turkey (+13 p.p.) and the United Arab Emirates (+6.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-4.7 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 Iran ($X) were the countries with the highest levels of imports in 2022, together comprising 71% of total imports. Israel, Iraq, Kuwait and Lebanon lagged somewhat behind, together accounting for a further 13%.

Iraq, with a CAGR of +4.2%, 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 the Middle East amounted to $X per unit, surging by 3.9% against the previous year. Overall, the import price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2016 when the import price increased by 13% 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.

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 Israel ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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