Middle East: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in the Middle East

In 2022, the Middle Eastern flexographic printing machinery market decreased by -9.9% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Flexographic Printing Machinery Production in the Middle East

In value terms, flexographic printing machinery production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 84% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Flexographic Printing Machinery Exports

Exports in the Middle East

In 2022, the amount of flexographic printing machinery exported in the Middle East expanded notably to X units, increasing by 7.2% compared with 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 82%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, flexographic printing machinery exports fell sharply to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Turkey dominates exports structure, accounting for X units, which was near 92% of total exports in 2022. The following exporters - Israel (X units), the United Arab Emirates (X units) and Iran (X units) - together made up 6.7% of total exports.

Turkey was also the fastest-growing in terms of the flexographic printing machinery exports, with a CAGR of +12.4% from 2012 to 2022. At the same time, Iran (+4.1%) displayed positive paces of growth. By contrast, the United Arab Emirates (-8.8%) and Israel (-26.2%) illustrated a downward trend over the same period. While the share of Turkey (+63 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-3.5 p.p.) and Israel (-57.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest flexographic printing machinery supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.6% share of total exports. It was followed by Iran, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +6.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+16.5% per year) and Iran (-5.2% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with a decrease of -22.5% against the previous year. Over the period under review, the export price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 208%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Israel ($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 (+27.7%), while the other leaders experienced a decline in the export price figures.

Flexographic Printing Machinery Imports

Imports in the Middle East

In 2022, approx. X units of flexographic printing machinery were imported in the Middle East; growing by 7.7% compared with 2021. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 75%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, flexographic printing machinery imports stood at $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 77%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X units), distantly followed by Qatar (X units), Iran (X units), the United Arab Emirates (X units), Bahrain (X units), Israel (X units) and Jordan (X units) were the main importers of flexographic printing machinery, together constituting 92% of total imports. Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported flexographic printing machinery in the Middle East, comprising 52% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Israel, with a 7.9% share.

In Turkey, flexographic printing machinery imports increased at an average annual rate of +11.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.8% per year) and Israel (+8.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, dropping by -7% against the previous year. Overall, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 459%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, 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 ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+76.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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