Middle East: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in the Middle East

The Middle Eastern agricultural product dryer market rose remarkably to $X in 2021, growing by 10% against the previous year. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +44.2% against 2017 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Agricultural Product Dryer Production in the Middle East

In value terms, agricultural product dryer production contracted sharply to $X in 2021 estimated in export price. Overall, production, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 49%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Agricultural Product Dryer Exports

Exports in the Middle East

Agricultural product dryer exports soared to X units in 2021, increasing by 20% compared with 2020 figures. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 155% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, agricultural product dryer exports soared to $X in 2021. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 103% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporting country with an export of around X units, which resulted at 77% of total exports. It was distantly followed by Iran (X units), creating a 17% share of total exports. Jordan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to agricultural product dryer exports from Turkey stood at +13.0%. At the same time, Iran (+31.3%) and Jordan (+18.9%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +31.3% from 2012-2021. Iran (+13 p.p.), Turkey (+12 p.p.) and Jordan (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest agricultural product dryer supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was taken by Iran ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +7.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+33.6% per year) and Jordan (+68.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, growing by 12% against the previous year. In general, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 13%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+8.7%), while the other leaders experienced mixed trends in the export price figures.

Agricultural Product Dryer Imports

Imports in the Middle East

In 2021, agricultural product dryer imports in the Middle East surged to X units, picking up by 60% against 2020 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 361%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, agricultural product dryer imports soared to $X in 2021. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Lebanon (X units) and Turkey (X units) prevails in imports structure, together committing 79% of total imports. It was distantly followed by Iraq (X units), achieving a 4.9% share of total imports. The following importers - Yemen (X units), Israel (X units), the United Arab Emirates (X units) and Oman (X units) - together made up 11% of total imports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +89.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported dryers for the treatment of agricultural products in the Middle East, comprising 80% of total imports. The second position in the ranking was taken by Iraq ($X), with a 7.7% share of total imports. It was followed by Israel, with a 6.1% share.

In Turkey, agricultural product dryer imports increased at an average annual rate of +10.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+47.2% per year) and Israel (+2.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, growing by 37% against the previous year. Overall, the import price saw a resilient increase. The pace of growth was the most pronounced in 2017 when the import price increased by 1,144% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+19.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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