MENA: Vacuum Pump Market 2024

Vacuum Pump Market Size in MENA

The MENA's vacuum pump market rose sharply to $X in 2022, growing by 14% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Vacuum Pump Production in MENA

In value terms, vacuum pump production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 35%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Vacuum Pump Exports

Exports in MENA

In 2022, overseas shipments of vacuum pumps increased by 3.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports rose markedly to $X in 2022. In general, exports showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by 61% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, finishing at X units, which was approx. 96% of total exports in 2022. Israel (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the vacuum pumps exports, with a CAGR of +22.5% from 2012 to 2022. At the same time, Israel (+20.5%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by +8.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vacuum pump supplier in MENA, comprising 69% of total exports. The second position in the ranking was held by Israel ($X), with a 14% share of total exports.

In Turkey, vacuum pump exports increased at an average annual rate of +17.0% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, rising by 6.9% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-1.7%).

Vacuum Pump Imports

Imports in MENA

In 2022, after two years of decline, there was significant growth in purchases abroad of vacuum pumps, when their volume increased by 16% to X units. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 30%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, vacuum pump imports surged to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of vacuum pumps, namely the United Arab Emirates, Turkey, Saudi Arabia, Egypt and Israel, represented more than two-thirds of total import. It was distantly followed by Algeria (X units), committing a 4.8% share of total imports. The following importers - Morocco (X units) and Qatar (X units) - each recorded a 4.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Morocco (with a CAGR of +45.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, with a combined 65% share of total imports. The United Arab Emirates, Egypt, Qatar, Morocco and Algeria lagged somewhat behind, together accounting for a further 24%.

In terms of the main importing countries, Morocco, with a CAGR of +6.8%, saw the highest growth rate of 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 2022, increasing by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 30%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the 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 Saudi Arabia ($X per unit), while Egypt ($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 (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform