Middle East: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in the Middle East

The Middle Eastern industrial bakery machinery market declined to $X in 2022, reducing by -7.9% against the previous year. Over the period under review, consumption continues to indicate a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Industrial Bakery Machinery Production in the Middle East

In value terms, industrial bakery machinery production fell notably to $X in 2022 estimated in export price. In general, production, however, saw a measured expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 60% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Industrial Bakery Machinery Exports

Exports in the Middle East

In 2022, after seven years of growth, there was significant decline in shipments abroad of industrial bakery machinery, when their volume decreased by -30.9% to X units. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 21%. The volume of export peaked at X units in 2021, and then declined notably in the following year.

In value terms, industrial bakery machinery exports reduced to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.9% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Turkey (X units) represented the major exporter of industrial bakery machinery, mixing up 78% of total exports. It was distantly followed by Lebanon (X units), mixing up a 14% share of total exports. The following exporters - the United Arab Emirates (X units) and Iran (X units) - together made up 6.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to industrial bakery machinery exports from Turkey stood at +6.8%. At the same time, Iran (+11.7%) and the United Arab Emirates (+10.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +11.7% from 2012-2022. Lebanon experienced a relatively flat trend pattern. While the share of Turkey (+10 p.p.) and the United Arab Emirates (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest industrial bakery machinery supplier in the Middle East, comprising 72% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 15% share of total exports. It was followed by the United Arab Emirates, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Lebanon (+5.7% per year) and the United Arab Emirates (+10.4% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per unit), while Iran ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports in the Middle East

In 2022, approx. X units of industrial bakery machinery were imported in the Middle East; shrinking by -9.1% on the previous year's figure. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, industrial bakery machinery imports declined notably to $X in 2022. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units), Qatar (X units), Iran (X units), Turkey (X units), Iraq (X units), Israel (X units), Kuwait (X units), Jordan (X units), Lebanon (X units), Yemen (X units) and Oman (X units) represented roughly 97% of total imports in 2022. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 48% of total imports. These countries were followed by Israel, Kuwait, Iraq, Yemen, Jordan, Lebanon, Oman, Qatar and Bahrain, which together accounted for a further 50%.

Yemen, with a CAGR of +31.6%, recorded 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 2022, waning by -27.5% against the previous year. Overall, the import price showed a deep setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 9.8%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (+4.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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