Middle East: Book Folding Machine Market 2024

Book Folding Machine Market Size in the Middle East

In 2022, the Middle Eastern book folding machine market increased by 3.1% to $X, rising for the second year in a row after four years of decline. In general, consumption faced a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Book Folding Machine Production in the Middle East

In value terms, book folding machine production shrank to $X in 2022 estimated in export price. Overall, production recorded tangible growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 637%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Book Folding Machine Exports

Exports in the Middle East

In 2022, shipments abroad of folding machines for books increased by 34% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, book folding machine exports reduced modestly to $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was approx. 94% of total exports in 2022. The United Arab Emirates (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the folding machines for books exports, with a CAGR of +16.2% from 2012 to 2022. The United Arab Emirates (-7.9%) illustrated a downward trend over the same period. Turkey (+28 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -23.5% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest book folding machine supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +13.0%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, declining by -27.1% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2015 an increase of 76%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.1%).

Book Folding Machine Imports

Imports in the Middle East

In 2022, overseas purchases of folding machines for books increased by 3.9% to X units, rising for the second consecutive year after seven years of decline. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, book folding machine imports reduced to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) represented the largest importer of folding machines for books, making up 54% of total imports. It was distantly followed by Israel (X units) and the United Arab Emirates (X units), together constituting a 33% share of total imports. The following importers - Iran (X units), Iraq (X units) and Kuwait (X units) - together made up 8.8% of total imports.

Imports into Turkey decreased at an average annual rate of -7.3% from 2012 to 2022. At the same time, Israel (+3.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +3.7% from 2012-2022. By contrast, the United Arab Emirates (-6.3%), Iran (-11.0%), Kuwait (-11.6%) and Iraq (-12.9%) illustrated a downward trend over the same period. Israel (+15 p.p.), Turkey (+6.6 p.p.) and the United Arab Emirates (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Iraq saw its share reduced by -2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest book folding machine importing markets in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 69% share of total imports.

Israel, with a CAGR of +3.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, declining by -4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 17%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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