Middle East: Escalator Market 2025

Escalator Market Size in the Middle East

The Middle Eastern escalator market fell notably to $X in 2022, shrinking by -19.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Escalator Production in the Middle East

In value terms, escalator production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 101% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Escalator Exports

Exports in the Middle East

In 2022, shipments abroad of escalators and moving WalkWays increased by 6.1% to X units, rising for the second year in a row after three years of decline. In general, exports saw a notable expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 2,119%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, escalator exports surged to $X in 2022. Overall, exports posted a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by 193%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was near 78% of total exports in 2022. The United Arab Emirates (X units) ranks second in terms of the total exports with a 7.2% share, followed by Kuwait (6.1%). Lebanon (X units) and Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to escalator exports from Turkey stood at +3.9%. At the same time, Kuwait (+32.8%), the United Arab Emirates (+7.2%), Jordan (+7.2%) and Lebanon (+5.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +32.8% from 2012-2022. Turkey (+8.9 p.p.), Kuwait (+5.7 p.p.) and the United Arab Emirates (+2.5 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 ($X) remains the largest escalator supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total exports. It was followed by Kuwait, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +3.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+29.6% per year) and Kuwait (+4.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by 67% against the previous year. Overall, the export price posted a slight expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 875% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 the United Arab Emirates ($X per unit), while Lebanon ($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 (+21.0%), while the other leaders experienced more modest paces of growth.

Escalator Imports

Imports in the Middle East

In 2022, imports of escalators and moving WalkWays in the Middle East contracted notably to X units, reducing by -18.8% compared with the previous year's figure. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, escalator imports dropped markedly to $X in 2022. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 38% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of escalators and moving WalkWays, namely the United Arab Emirates, Turkey and Kuwait, represented more than half of total import. Iran (X units) ranks next in terms of the total imports with an 8% share, followed by Iraq (7.2%) and Israel (6.9%). Oman (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +9.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X) constituted the countries with the highest levels of imports in 2022, together comprising 51% of total imports.

Kuwait, with a CAGR of +11.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 45%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($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 (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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