Middle East: Gas Turbine Market 2020

Gas Turbine Market Size in Middle East

The revenue of the gas turbine market in Middle East amounted to $X in 2017, approximately reflecting the previous year. The gas turbine consumption continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2016, when market value increased by X% year-to-year. Over the period under review, the gas turbine market reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Gas Turbine Production in Middle East

The gas turbine production totaled X units in 2017, approximately reflecting the previous year. The gas turbine production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015, when the output figure increased by X% against the previous year. Over the period under review, the gas turbine production attained its peak figure volume in 2017, and is likely to see steady growth in the immediate term.

Gas Turbine Exports in Middle East

In 2017, the amount of gas turbines exported in Middle East totaled X units, coming up by X% against the previous year. The total exports indicated a tangible expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine exports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2012, when exports increased by X% against the previous year. Over the period under review, the gas turbine exports reached its peak figure volume of X units in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, gas turbine exports stood at $X in 2017. The gas turbine exports continue to indicate a strong growth. Over the period under review, the gas turbine exports reached its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Gas Turbine Exports by Country in Middle East

In 2017, Turkey (X units) was the major exporter for gas turbines, comprising X% of total exports. It was distantly followed by the United Arab Emirates (X units), achieving X% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to gas turbine exports from Turkey stood at +X%. At the same time, Oman (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. While the share of Oman (-X%), the United Arab Emirates (-X%) and Turkey (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest gas turbine supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by Oman, with a X% share.

In the United Arab Emirates, gas turbine exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-X% per year) and Oman (+X% per year).

Gas Turbine Export Prices by Country in Middle East

In 2017, the gas turbine export price in Middle East amounted to $X thousand per unit, remaining constant against the previous year. The gas turbine export price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. The level of export price peaked of $X thousand per unit in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X thousand per unit), while Turkey ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced a decline in the export price figures.

Gas Turbine Imports in Middle East

In 2017, the amount of gas turbines imported in Middle East totaled X units, surging by X% against the previous year. The gas turbine imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. Over the period under review, the gas turbine imports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, gas turbine imports stood at $X in 2017. The gas turbine imports continue to indicate a relatively flat trend pattern. Over the period under review, the gas turbine imports reached its maximum level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Gas Turbine Imports by Country in Middle East

In 2017, Israel (X units) was the major importer for gas turbines, comprising X% of total imports. It was distantly followed by the United Arab Emirates (X units), Qatar (X units), Kuwait (X units) and Turkey (X units), together constituting X% share of total imports. The following importers - Bahrain (X units) and Oman (X units) each finished at a X% share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bahrain (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Kuwait, Oman, Israel and Bahrain lagged somewhat behind, together comprising a further X%.

Bahrain (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Gas Turbine Import Prices by Country in Middle East

The gas turbine import price in Middle East stood at $X thousand per unit in 2017, shrinking by -X% against the previous year. The gas turbine import price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2011, when it surged by X% against the previous year. Over the period under review, the import prices for gas turbines attained its maximum level of $X thousand per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Oman ($X thousand per unit), while Israel ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform