Middle East: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in the Middle East

The Middle Eastern meat-preparation industrial machinery market reached $X in 2022, increasing by 1.9% against the previous year. Overall, consumption posted a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Meat-Preparation Industrial Machinery Production in the Middle East

In value terms, meat-preparation industrial machinery production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Exports

Exports in the Middle East

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry increased by 14% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 51%. 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, meat-preparation industrial machinery exports skyrocketed to $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 77%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey was the key exporter of industrial machinery for the preparation of meat or poultry in the Middle East, with the volume of exports resulting at X units, which was near 76% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, followed by Iran (X units). All these countries together took approx. 18% share of total exports. Israel (X units) and Lebanon (X units) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Iran (+26.0%), the United Arab Emirates (+22.4%) and Israel (+12.7%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +26.0% from 2012-2022. Lebanon experienced a relatively flat trend pattern. Turkey (+15 p.p.), the United Arab Emirates (+8 p.p.) and Iran (+6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest meat-preparation industrial machinery supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4% share of total exports. It was followed by Iran, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +8.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+18.9% per year) and Iran (+16.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, growing by 3.9% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat-preparation industrial machinery export price decreased by -9.5% against 2020 indices. The growth pace was the most rapid in 2019 when the export price increased by 63% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 ($X per unit), while Lebanon ($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 (+12.8%), while the other leaders experienced a decline in the export price figures.

Meat-Preparation Industrial Machinery Imports

Imports in the Middle East

In 2022, approx. X units of industrial machinery for the preparation of meat or poultry were imported in the Middle East; jumping by 46% against 2021. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by 78% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, meat-preparation industrial machinery imports expanded markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Iraq was the key importing country with an import of around X units, which recorded 36% of total imports. Israel (X units) held the second position in the ranking, followed by Kuwait (X units), Turkey (X units), the United Arab Emirates (X units) and Qatar (X units). All these countries together took approx. 53% share of total imports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to meat-preparation industrial machinery imports into Iraq stood at +25.9%. At the same time, Oman (+30.2%), Qatar (+19.6%), the United Arab Emirates (+18.1%), Israel (+8.3%) and Kuwait (+7.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +30.2% from 2012-2022. By contrast, Turkey (-3.6%) illustrated a downward trend over the same period. Iraq (+28 p.p.), the United Arab Emirates (+4.7 p.p.), Qatar (+3.2 p.p.) and Oman (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by -27.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest meat-preparation industrial machinery importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 55% of total imports. Iraq, Oman, Qatar and Kuwait lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Iraq, with a CAGR of +21.0%, recorded the highest growth rate of the value of imports, 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 -26.2% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2021 when the import price increased by 122%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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