Middle East: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in the Middle East

For the ninth consecutive year, the Middle Eastern centrifugal clothes-dryer market recorded decline in sales value, which decreased by -15% to $X in 2021. Overall, consumption continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the market value decreased by -0.1% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Centrifugal Clothes-Dryer Production in the Middle East

In value terms, centrifugal clothes-dryer production totaled $X in 2021 estimated in export price. In general, production continues to indicate a significant decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.6% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports in the Middle East

After three years of decline, overseas shipments of centrifugal clothes-dryers increased by 108% to X units in 2021. Overall, exports, however, recorded a dramatic decrease. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports surged to $X in 2021. In general, exports, however, recorded a precipitous slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey was the main exporting country with an export of about X units, which recorded 79% of total exports. It was distantly followed by Saudi Arabia (X units), constituting a 13% share of total exports. The following exporters - the United Arab Emirates (X units) and Bahrain (X units) - each amounted to a 7.4% share of total exports.

Exports from Turkey decreased at an average annual rate of -36.0% from 2012 to 2021. At the same time, Saudi Arabia (+91.2%) and Bahrain (+1.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +91.2% from 2012-2021. By contrast, the United Arab Emirates (-13.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+13 p.p.), Bahrain (+3.6 p.p.) and the United Arab Emirates (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-20.9 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest centrifugal clothes-dryer supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.9% share of total exports. It was followed by Bahrain, with a 2.6% share.

In Turkey, centrifugal clothes-dryer exports shrank by an average annual rate of -35.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+90.8% per year) and Bahrain (-2.6% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with a decrease of -4.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 20%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+0.9%), while the other leaders experienced a decline in the export price figures.

Centrifugal Clothes-Dryer Imports

Imports in the Middle East

In 2021, overseas purchases of centrifugal clothes-dryers decreased by -11.7% to X units, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2019 when imports increased by 68%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports fell notably to $X in 2021. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 198% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank dramatically in the following year.

Imports by Country

In 2021, Jordan (X units) represented the largest importer of centrifugal clothes-dryers, mixing up 47% of total imports. It was distantly followed by Iraq (X units), Qatar (X units) and Oman (X units), together generating a 36% share of total imports. The United Arab Emirates (X units), Bahrain (X units) and Israel (X units) took a relatively small share of total imports.

Jordan was also the fastest-growing in terms of the centrifugal clothes-dryers imports, with a CAGR of +29.0% from 2012 to 2021. At the same time, Israel (+24.1%) and Iraq (+11.0%) displayed positive paces of growth. By contrast, Oman (-3.5%), the United Arab Emirates (-11.0%), Bahrain (-19.4%) and Qatar (-20.0%) illustrated a downward trend over the same period. While the share of Jordan (+44 p.p.), Iraq (+18 p.p.) and Israel (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-2.6 p.p.), Bahrain (-10.9 p.p.) and Qatar (-26.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X), Qatar ($X) and Iraq ($X) were the countries with the highest levels of imports in 2021, with a combined 12% share of total imports.

Jordan, with a CAGR of +29.9%, saw the highest rates of growth with regard to 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 2021, the import price in the Middle East amounted to $X per unit, shrinking by -28.1% against the previous year. In general, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the import price increased by 152% against the previous year. The level of import peaked at $X per unit in 2020, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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