Middle East - Fuel, Lubricating or Cooling-Medium Pumps for Internal Combustion Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMiddle East: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024
Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the Middle East
The Middle Eastern fuel or lubricating pump market contracted to $X in 2021, which is down by -6.5% against the previous year. Overall, consumption continues to indicate a slight slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the Middle East
In value terms, fuel or lubricating pump production contracted to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.7% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 14%. The level of production peaked at $X in 2020, and then contracted in the following year.
Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines
Exports in the Middle East
In 2021, exports of fuel, lubricating or cooling-medium pumps for internal combustion engines in the Middle East surged to X units, increasing by 55% against the previous year's figure. In general, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fuel or lubricating pump exports surged to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
In 2021, Turkey (X units) was the largest exporter of fuel, lubricating or cooling-medium pumps for internal combustion engines, generating 71% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a 28% share of total exports.
Turkey was also the fastest-growing in terms of the fuel, lubricating or cooling-medium pumps for internal combustion engines exports, with a CAGR of +23.6% from 2012 to 2021. At the same time, the United Arab Emirates (+3.4%) displayed positive paces of growth. While the share of Turkey (+38 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-35.8 p.p.) displayed negative dynamics.
In value terms, Turkey ($X) remains the largest fuel or lubricating pump supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +26.7%.
Export Prices by Country
In 2021, the export price in the Middle East amounted to $X per unit, with an increase of 25% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 99%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.0%).
Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines
Imports in the Middle East
In 2021, imports of fuel, lubricating or cooling-medium pumps for internal combustion engines in the Middle East rose rapidly to X units, picking up by 13% compared with 2020. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.
In value terms, fuel or lubricating pump imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
The United Arab Emirates (X units) and Turkey (X units) represented the major importers of fuel, lubricating or cooling-medium pumps for internal combustion engines in 2021, recording near 32% and 28% of total imports, respectively. It was distantly followed by Saudi Arabia (X units), Iraq (X units), Oman (X units), Iran (X units) and Israel (X units), together committing a 33% share of total imports. Kuwait (X units) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest fuel or lubricating pump importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 81% of total imports. Iran, Iraq, Israel, Kuwait and Oman lagged somewhat behind, together accounting for a further 14%.
Oman, with a CAGR of +11.9%, 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 more modest paces of growth.
Import Prices by Country
The import price in the Middle East stood at $X per unit in 2021, rising by 6.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 19%. The level of import peaked in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+6.1%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for fuel or lubricating pump in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines
Country coverage:
- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in the Middle East, split by region and country
- Trade (exports and imports) in the Middle East
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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