Middle East: Gravure Printing Machinery Market 2024

Gravure Printing Machinery Market Size in the Middle East

After three years of growth, the Middle Eastern gravure printing machinery market decreased by -28.2% to $X in 2022. Overall, consumption, however, showed a slight setback. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Gravure Printing Machinery Production in the Middle East

In value terms, gravure printing machinery production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Gravure Printing Machinery Exports

Exports in the Middle East

In 2022, shipments abroad of gravure printing machinery was finally on the rise to reach X units after three years of decline. In general, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of 11,631% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, gravure printing machinery exports soared to $X in 2022. Overall, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 4,066%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of gravure printing machinery, comprising 55% of total exports. Turkey (X units) ranks second in terms of the total exports with a 32% share, followed by Kuwait (8.5%). Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +14.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest gravure printing machinery supplier in the Middle East, comprising 89% of total exports. The second position in the ranking was held by Kuwait ($X), with a 3.5% share of total exports. It was followed by the United Arab Emirates, with a 2.4% share.

In Turkey, gravure printing machinery exports increased at an average annual rate of +21.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (+84.2% per year) and the United Arab Emirates (-23.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by -7.4% against the previous year. Over the period under review, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 460%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+60.4%), while the other leaders experienced mixed trends in the export price figures.

Gravure Printing Machinery Imports

Imports in the Middle East

In 2022, overseas purchases of gravure printing machinery increased by 67% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 79% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, gravure printing machinery imports dropped sharply to $X in 2022. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 228%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Qatar represented the main importer of gravure printing machinery in the Middle East, with the volume of imports recording X units, which was near 56% of total imports in 2022. It was distantly followed by Turkey (X units), the United Arab Emirates (X units), Lebanon (X units) and Iran (X units), together committing a 39% share of total imports. Iraq (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gravure printing machinery imports into Qatar stood at +4.4%. At the same time, Lebanon (+32.5%), Iraq (+10.6%) and Iran (+3.4%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +32.5% from 2012-2022. By contrast, Turkey (-2.3%) and the United Arab Emirates (-9.1%) illustrated a downward trend over the same period. Qatar (+21 p.p.), Lebanon (+8.2 p.p.) and Iran (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Turkey and the United Arab Emirates saw its share reduced by -3.3% and -13.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported gravure printing machinery in the Middle East, comprising 71% of total imports. The second position in the ranking was held by Iran ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled -5.4%. In the other countries, the average annual rates were as follows: Iran (+6.5% per year) and the United Arab Emirates (-6.2% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, declining by -61.2% against the previous year. Over the period under review, the import price recorded a deep slump. The growth pace was the most rapid in 2021 when the import price increased by 130%. As a result, import price attained the peak level of $X per unit, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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