Middle East: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in the Middle East

In 2021, the Middle Eastern market for forage harvesters and other harvesting machines was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Forage Harvesters and Other Harvesting Machines in the Middle East

In value terms, production of forage harvesters and other harvesting machines skyrocketed to $X in 2021 estimated in export price. In general, production posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 82% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports in the Middle East

In 2021, the amount of forage harvesters and other harvesting machines exported in the Middle East reduced slightly to X units, therefore, remained relatively stable against the previous year. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 69%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines reduced to $X in 2021. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2017 with an increase of 119% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporter of forage harvesters and other harvesting machines in the Middle East, with the volume of exports accounting for X units, which was near 70% of total exports in 2021. It was distantly followed by Israel (X units), creating a 27% share of total exports.

Exports from Turkey increased at an average annual rate of +14.6% from 2012 to 2021. At the same time, Israel (+30.2%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +30.2% from 2012-2021. From 2012 to 2021, the share of Israel increased by +19 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest forage harvesters and other harvesting machines supplying countries in the Middle East were Turkey ($X) and Israel ($X).

Among the main exporting countries, Israel, with a CAGR of +33.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, waning by -10.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 51%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 Israel ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.1%).

Imports of Forage Harvesters and Other Harvesting Machines

Imports in the Middle East

In 2021, imports of forage harvesters and other harvesting machines in the Middle East surged to X units, with an increase of 37% on the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2021. Overall, imports, however, saw a noticeable descent. The growth pace was the most rapid in 2020 when imports increased by 43%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X units) and Iran (X units) represented roughly 71% of total imports in 2021. The United Arab Emirates (X units) held the next position in the ranking, followed by Israel (X units) and Iraq (X units). All these countries together held near 25% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported forage harvesters and other harvesting machines in the Middle East, comprising 62% of total imports. The second position in the ranking was taken by Iran ($X), with a 17% share of total imports. It was followed by Israel, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at -4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-1.0% per year) and Israel (-7.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, dropping by -9% against the previous year. Overall, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when the import price increased by 9.6%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, 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 ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+0.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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