Middle East: Electrically Operated Lift Market 2020

Electrically Operated Lift Market Size in Middle East

The revenue of the electrically operated lift market in Middle East amounted to $X in 2017, going up by X% against the previous year. The electrically operated lift consumption continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. In that year, the electrically operated lift market reached their peak level of $X. From 2016 to 2017, growth of the electrically operated lift market stood at a somewhat lower level.

Electrically Operated Lift Production in Middle East

The electrically operated lift production amounted to X units in 2017, going down by -X% against the previous year. The electrically operated lift production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, when the output figure increased by X% against the previous year. Over the period under review, the electrically operated lift production reached its peak figure volume of X units in 2016, and then declined slightly in the following year.

Electrically Operated Lift Exports in Middle East

In 2017, electrically operated lift exports in Middle East totaled X units, jumping by X% against the previous year. The electrically operated lift exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2011, when exports increased by X% against the previous year. The volume of exports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, electrically operated lift exports totaled $X in 2017. The electrically operated lift exports continue to indicate a strong growth. Over the period under review, the electrically operated lift exports reached its maximum level in 2017, and are expected to retain its growth in the near future.

Electrically Operated Lift Exports by Country in Middle East

In 2017, Turkey (X units) represented the main exporter for electrically operated lifts and skip hoists, committing X% of total exports. It was distantly followed by the United Arab Emirates (X units), achieving X% share of total exports. Israel (X units), Saudi Arabia (X units), Kuwait (X units) and Lebanon (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Kuwait (+X%), the United Arab Emirates (+X%), Israel (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Lebanon (-X%) illustrated a downward trend over the same period. Israel (-X%), Kuwait (-X%), the United Arab Emirates (-X%) and Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electrically operated lift supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Kuwait, with a X% share.

In Turkey, electrically operated lift exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Kuwait (+X% per year).

Electrically Operated Lift Export Prices by Country in Middle East

In 2017, the electrically operated lift export price in Middle East amounted to $X thousand per unit, waning by -X% against the previous year. The electrically operated lift export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. In that year, the export prices for electrically operated lifts and skip hoists attained their peak level of $X thousand per unit, and then declined slightly in the following year.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Lebanon ($X thousand per unit), while Israel ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Imports in Middle East

The imports stood at X units in 2017, increasing by X% against the previous year. The electrically operated lift imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2009, with an increase of X% against the previous year. Over the period under review, the electrically operated lift imports reached its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, electrically operated lift imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the electrically operated lift imports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Electrically Operated Lift Imports by Country in Middle East

Jordan prevails in electrically operated lift imports structure, resulting at X units, which was approx. X% of total imports in 2017. It was distantly followed by Bahrain (X units) and Turkey (X units), together mixed up X% share of total imports. Saudi Arabia (X units), the United Arab Emirates (X units), Israel (X units) and Kuwait (X units) followed a long way behind the leaders.

Imports into Jordan increased at an average annual rate of +X% from 2007 to 2017. At the same time, Bahrain (+X%), Israel (+X%), Turkey (+X%), Kuwait (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) illustrated a downward trend over the same period. While the share of Israel (-X%), Turkey (-X%), Bahrain (-X%) and Jordan (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Israel, Kuwait, Bahrain and Jordan, which together accounted for a further X%.

In terms of the main importing countries , Israel (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Electrically Operated Lift Import Prices by Country in Middle East

The electrically operated lift import price in Middle East stood at $X thousand per unit in 2017, remaining relatively unchanged against the previous year. The electrically operated lift import price continues to indicate a drastic reduction. The growth pace was the most rapid in 2012, when the import prices increased by X% y-o-y. Over the period under review, the import prices for electrically operated lifts and skip hoists reached its maximum level of $X thousand per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Saudi Arabia ($X thousand per unit), while Jordan ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Israel (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform