MENA: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in MENA

The MENA's thermoforming machine market dropped modestly to $X in 2021, remaining relatively unchanged against the previous year. Overall, consumption enjoyed a notable expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Thermoforming Machine Production in MENA

In value terms, thermoforming machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 98% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Thermoforming Machine Exports

Exports in MENA

In 2021, overseas shipments of thermoforming machines for working rubber or plastics increased by 43% to X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, thermoforming machine exports surged to $X in 2021. Overall, exports saw buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporting country with an export of about X units, which accounted for 55% of total exports. It was distantly followed by Algeria (X units) and the United Arab Emirates (X units), together achieving a 36% share of total exports. Saudi Arabia (X units), Lebanon (X units) and Iran (X units) took a little share of total exports.

Exports from Turkey increased at an average annual rate of +3.0% from 2012 to 2021. At the same time, Lebanon (+35.1%) and the United Arab Emirates (+34.1%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in MENA, with a CAGR of +35.1% from 2012-2021. Iran, Algeria and Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Algeria, the United Arab Emirates, Saudi Arabia and Lebanon increased by +23, +11, +3 and +2.3 percentage points, respectively.

In value terms, Turkey ($X) remains the largest thermoforming machine supplier in MENA, comprising 73% of total exports. The second position in the ranking was held by Algeria ($X), with a 23% share of total exports. It was followed by the United Arab Emirates, with a 2% share.

In Turkey, thermoforming machine exports expanded at an average annual rate of +7.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Algeria (0.0% per year) and the United Arab Emirates (+19.2% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, growing by 33% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+25.5%), while the other leaders experienced more modest paces of growth.

Thermoforming Machine Imports

Imports in MENA

After two years of decline, purchases abroad of thermoforming machines for working rubber or plastics increased by 27% to X units in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 41%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thermoforming machine imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Algeria (X units) and the United Arab Emirates (X units) represented roughly 52% of total imports in 2021. Egypt (X units) ranks next in terms of the total imports with an 11% share, followed by Israel (6.9%), Morocco (6.8%) and Turkey (5.8%). Lebanon (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest thermoforming machine importing markets in MENA were the United Arab Emirates ($X), Egypt ($X) and Turkey ($X), together comprising 44% of total imports. Algeria, Israel, Morocco and Lebanon lagged somewhat behind, together comprising a further 18%.

In terms of the main importing countries, Morocco, with a CAGR of +14.2%, recorded the highest rates of growth with regard to 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, with a decrease of -4.8% against the previous year. In general, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 61% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+11.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform