Middle East: Hydraulic System Market 2020

Hydraulic System Market Size in Middle East

The revenue of the hydraulic system market in Middle East amounted to $X in 2017, coming up by X% against the previous year. The hydraulic system consumption continues to indicate an outstanding growth. The pace of growth appeared the most rapid in 2016, with an increase of X% y-o-y. The level of hydraulic system consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Hydraulic System Production in Middle East

In 2017, approx. X units of hydraulic systems (power packs without actuators) were produced in Middle East; surging by X% against the previous year. The hydraulic system production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the output figure increased by X% y-o-y. In that year, the hydraulic system production reached their peak volume, and is likely to continue its growth in the immediate term.

Hydraulic System Exports in Middle East

In 2017, the amount of hydraulic systems (power packs without actuators) exported in Middle East totaled X units, approximately reflecting the previous year. The hydraulic system exports continue to indicate a temperate slump. The pace of growth appeared the most rapid in 2014, when exports increased by X% year-to-year. In that year, the hydraulic system exports reached their peak volume of X units. From 2015 to 2017, growth of the hydraulic system exports failed to regain its momentum.

In value terms, hydraulic system exports totaled $X in 2017. The hydraulic system exports continue to indicate an outstanding expansion. Over the period under review, the hydraulic system exports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Hydraulic System Exports by Country in Middle East

In 2017, Kuwait (X units) was the major exporter for hydraulic systems (power packs without actuators), making up X% of total exports. It was distantly followed by Bahrain (X units), making up X% share of total exports. Yemen (X units) took the mild share of total exports.

From 2007 to 2017, average annual rates of growth with regard to hydraulic system exports from Kuwait stood at -X%. At the same time, Bahrain (+X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Yemen (-X%) illustrated a downward trend over the same period. Kuwait (X%) and Yemen (X%) significantly strengthened its position in terms of the global exports, while Bahrain saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, Kuwait ($X) remains the largest hydraulic system supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of global exports. It was followed by Yemen, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Kuwait totaled -X%. In the other countries, the average annual rates were as follows: Bahrain (+X% per year) and Yemen (-X% per year).

Hydraulic System Export Prices by Country in Middle East

The hydraulic system export price in Middle East stood at $X thousand per unit in 2017, increasing by X% against the previous year. The hydraulic system export price continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2016, when the export prices increased by X% year-to-year. Over the period under review, the export prices for hydraulic systems (power packs without actuators) reached its maximum level in 2017, and is likely to continue its growth in the near future.

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

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

Hydraulic System Imports in Middle East

The imports totaled X units in 2017, picking up by X% against the previous year. The hydraulic system imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2009, when imports increased by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, hydraulic system imports amounted to $X in 2017. The total imports indicated a mild expansion from 2007 to 2017: its value 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 hydraulic system imports decreased by -X% against 2014 indices. Over the period under review, the hydraulic system imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Hydraulic System Imports by Country in Middle East

Kuwait was the key importer of hydraulic systems (power packs without actuators) in Middle East, with the volume of imports amounting to X units, which was approx. X% of total imports in 2017. It was distantly followed by Yemen (X units), creating X% share of total imports.

Kuwait was also the fastest growing in terms of the hydraulic systems (power packs without actuators) imports, with a CAGR of +X% from 2007 to 2017. At the same time, Yemen (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Yemen and Kuwait decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported hydraulic systems (power packs without actuators) in Middle East, making up X% of global imports. The second position in the ranking was occupied by Yemen ($X), with a X% share of global imports.

From 2007 to 2017, the average annual rate of growth in terms of value in Kuwait totaled +X%.

Hydraulic System Import Prices by Country in Middle East

In 2017, the hydraulic system import price in Middle East amounted to $X thousand per unit, going down by -X% against the previous year. The hydraulic system import price continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2010, when it surged by X% against the previous year. Over the period under review, the import prices for hydraulic systems (power packs without actuators) reached its peak figure level of $X thousand per unit in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Kuwait ($X per unit) and Yemen ($X per unit), while Yemen ($X per unit) and Kuwait ($X per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Yemen (+X% per year).

Source: IndexBox Platform