Middle East: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in the Middle East

The Middle Eastern market for liquid or compressed air and distilled or conductivity water dropped to $X in 2021, flattening at the previous year. In general, consumption, however, saw a abrupt slump. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in the Middle East

In value terms, liquid air and distilled water production reduced slightly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 5.5%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports in the Middle East

In 2021, shipments abroad of liquid or compressed air and distilled or conductivity water decreased by -20.9% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid air and distilled water exports expanded notably to $X in 2021. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of liquid or compressed air and distilled or conductivity water, namely Israel, represented more than two-thirds of total export.

Israel was also the fastest-growing in terms of the liquid or compressed air and distilled or conductivity water exports, with a CAGR of -22.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) also remains the largest liquid air and distilled water supplier in the Middle East.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled -7.4%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 37% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 37% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Israel.

From 2012 to 2021, the rate of growth in terms of prices for Israel amounted to +19.1% per year.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports in the Middle East

In 2021, after seven years of decline, there was growth in overseas purchases of liquid or compressed air and distilled or conductivity water, when their volume increased by 1.7% to X tons. Overall, imports, however, recorded a sharp descent. The most prominent rate of growth was recorded in 2013 when imports increased by 102% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid air and distilled water imports surged to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Palestine (X tons) was the major importer of liquid or compressed air and distilled or conductivity water, making up 59% of total imports. It was distantly followed by Israel (X tons) and Yemen (X tons), together making up a 27% share of total imports. The following importers - the United Arab Emirates (X tons), Turkey (X tons), Oman (X tons) and Iraq (X tons) - together made up 13% of total imports.

From 2012 to 2021, average annual rates of growth with regard to liquid air and distilled water imports into Palestine stood at -61.5%. At the same time, Oman (+17.7%), Yemen (+13.1%), the United Arab Emirates (+5.2%) and Turkey (+4.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +17.7% from 2012-2021. By contrast, Israel (-1.2%) and Iraq (-4.4%) illustrated a downward trend over the same period. Israel (+16 p.p.), Yemen (+10 p.p.), the United Arab Emirates (+4.4 p.p.), Turkey (+4.2 p.p.), Oman (+2.6 p.p.) and Iraq (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Palestine saw its share reduced by -41.3% from 2012 to 2021, respectively.

In value terms, Israel ($X) constitutes the largest market for imported liquid or compressed air and distilled or conductivity water in the Middle East, comprising 56% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +1.2%. In the other countries, the average annual rates were as follows: Turkey (+3.4% per year) and the United Arab Emirates (-1.9% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 22% against the previous year. In general, the import price recorded a significant expansion. The growth pace was the most rapid in 2016 an increase of 1,390%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Palestine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (+40.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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