Middle East: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in the Middle East

In 2022, the Middle Eastern market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in the Middle East

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports in the Middle East

In 2022, overseas shipments of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process rose notably to $X in 2022. Over the period under review, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, making up X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Israel (X%).

Turkey was also the fastest-growing in terms of the cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Israel experienced a relatively flat trend pattern. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, the largest machinery for material treatment by heating or cooling process supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising X% of total exports.

In terms of the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Israel ($X per unit), while Turkey ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports in the Middle East

In 2022, the amount of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process imported in the Middle East soared to X units, with an increase of X% against the previous year. In general, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a mild reduction. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Turkey represented the largest importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by Iran (X units) and the United Arab Emirates (X units), together generating a X% share of total imports. Iraq (X units), Qatar (X units), Oman (X units) and Israel (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to machinery for material treatment by heating or cooling process imports into Turkey stood at X%. At the same time, Qatar (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%), Oman (X%), Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Iraq (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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