Middle East: Market for Electric Generating Sets And Rotary Converters 2022

Market Size for Electric Generating Sets And Rotary Converters in the Middle East

In 2020, after three years of decline, there was significant growth in the Middle Eastern market for electric generating sets and rotary converters, when its value increased by X% to $X. In general, consumption, however, showed a slight decrease. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Production of Electric Generating Sets And Rotary Converters in the Middle East

In value terms, production of electric generating sets and rotary converters skyrocketed to $X in 2020 estimated in export prices. In general, production recorded significant growth. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in the Middle East

Saudi Arabia (X units) constituted the country with the largest volume of production of electric generating sets and rotary converters, accounting for X% of total volume. Moreover, production of electric generating sets and rotary converters in Saudi Arabia exceeded the figures recorded by the second-largest producer, Lebanon (X units), twofold. The third position in this ranking was occupied by Turkey (X units), with a X% share.

In Saudi Arabia, production of electric generating sets and rotary converters expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Lebanon (+X% per year) and Turkey (+X% per year).

Exports of Electric Generating Sets And Rotary Converters

Exports in the Middle East

In 2020, exports of electric generating sets and rotary converters in the Middle East dropped remarkably to X units, with a decrease of -X% against the previous year. Overall, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. The volume of export peaked at X units in 2015; however, from 2016 to 2020, exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters dropped dramatically to $X in 2020. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the largest exporting country with an export of around X units, which amounted to X% of total exports. The United Arab Emirates (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Lebanon (X%) and Saudi Arabia (X%). The following exporters - Bahrain (X units) and Palestine (X units) - together made up X% of total exports.

From 2007 to 2020, the biggest increases were in Palestine, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electric generating set and rotary converter supplier in the Middle East, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Turkey stood at +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Lebanon (-X% per year).

Export Prices by Country

In 2020, the export price for electric generating sets and rotary converters in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Export price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for electric generating sets and rotary converters increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. Over the period under review, export prices hit record highs at $X per unit in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Turkey ($X per unit), while Palestine ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced mixed trends in the export price figures.

Imports of Electric Generating Sets And Rotary Converters

Imports in the Middle East

In 2020, after seven years of decline, there was growth in overseas purchases of electric generating sets and rotary converters, when their volume increased by X% to X units. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of X units. from 2013 to 2020, the growth of imports failed to regain the momentum.

In value terms, imports of electric generating sets and rotary converters declined slightly to $X in 2020. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Iran (X units), Turkey (X units) and Iraq (X units) represented roughly X% of total imports of electric generating sets and rotary converters in 2020. The United Arab Emirates (X units) took the next position in the ranking, followed by Oman (X units) and Yemen (X units). All these countries together held near X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman, while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported electric generating sets and rotary converters in the Middle East, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, imports of electric generating sets and rotary converters increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Iran (+X% per year).

Import Prices by Country

The import price for electric generating sets and rotary converters in the Middle East stood at $X per unit in 2020, with a decrease of -X% against the previous year. Overall, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Turkey ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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