Middle East: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in the Middle East

The Middle Eastern electric brazing machine market reached $X in 2022, picking up by 7.4% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Brazing Machine Production in the Middle East

In value terms, electric brazing machine production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electric Brazing Machine Exports

Exports in the Middle East

In 2022, the amount of electric brazing or soldering machines and apparatus exported in the Middle East declined rapidly to X units, shrinking by -24.9% compared with 2021 figures. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 120%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric brazing machine exports dropped modestly to $X in 2022. Overall, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 94%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of electric brazing or soldering machines and apparatus, constituting 63% of total exports. Kuwait (X units) ranks second in terms of the total exports with a 15% share, followed by Iran (9.2%) and the United Arab Emirates (7.3%). Lebanon (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric brazing machine exports from Turkey stood at -1.5%. At the same time, Iran (+26.4%) and Kuwait (+21.7%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +26.4% from 2012-2022. By contrast, the United Arab Emirates (-9.1%) and Lebanon (-10.3%) illustrated a downward trend over the same period. Kuwait (+13 p.p.) and Iran (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while Turkey, Lebanon and the United Arab Emirates saw its share reduced by -4%, -4.6% and -10.2% from 2012 to 2022, respectively.

In value terms, Turkey ($X) emerged as the largest electric brazing machine supplier in the Middle East, comprising 52% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 25% share of total exports. It was followed by Kuwait, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +4.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-8.2% per year) and Kuwait (+2.7% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, rising by 32% against the previous year. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 133% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Electric Brazing Machine Imports

Imports in the Middle East

In 2022, approx. X units of electric brazing or soldering machines and apparatus were imported in the Middle East; jumping by 19% on 2021 figures. Over the period under review, imports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electric brazing machine imports expanded sharply to $X in 2022. In general, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 53%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey was the main importing country with an import of about X units, which resulted at 48% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a 13% share, followed by Israel (11%), Iran (9.9%), Oman (7.1%) and Iraq (4.5%). Jordan (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric brazing machine imports into Turkey stood at +6.2%. At the same time, Iraq (+10.1%), Israel (+6.5%) and the United Arab Emirates (+4.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +10.1% from 2012-2022. By contrast, Oman (-5.7%), Iran (-6.9%) and Jordan (-14.1%) illustrated a downward trend over the same period. Turkey (+30 p.p.), the United Arab Emirates (+7.4 p.p.), Israel (+6.8 p.p.) and Iraq (+3.4 p.p.) significantly strengthened its position in terms of the total imports, while Iran and Jordan saw its share reduced by -3.7% and -4.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported electric brazing or soldering machines and apparatus in the Middle East, comprising 58% of total imports. The second position in the ranking was held by Israel ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+8.1% per year) and the United Arab Emirates (+3.1% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, which is down by -5.3% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric brazing machine import price increased by +67.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then fell 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 ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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