Middle East: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in the Middle East

After two years of decline, the Middle Eastern filling containers machinery market increased by 23% to $X in 2021. The market value increased at an average annual rate of +6.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Filling Containers Machinery Production in the Middle East

In value terms, filling containers machinery production fell dramatically to $X in 2021 estimated in export price. In general, production recorded modest growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2,472%. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Filling Containers Machinery Exports

Exports in the Middle East

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported in the Middle East skyrocketed to X units, picking up by 18% on the year before. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, filling containers machinery exports expanded slightly to $X in 2021. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 41%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Israel (X units) and Turkey (X units) represented the major exporters of machinery for filling, closing, sealing, capsuling or labelling containers in 2021, recording near 40% and 36% of total exports, respectively. The United Arab Emirates (X units) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (6.7%).

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +29.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest filling containers machinery supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was held by Turkey ($X), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in Israel amounted to +11.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+12.1% per year) and the United Arab Emirates (+14.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, reducing by -12.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 73% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.6%), while the other leaders experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports in the Middle East

In 2021, purchases abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 53% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Iraq (X units), the United Arab Emirates (X units) and Turkey (X units) represented the major importer of machinery for filling, closing, sealing, capsuling or labelling containers in the Middle East, committing 67% of total import. It was distantly followed by Israel (X units), Iran (X units) and Oman (X units), together committing a 21% share of total imports. Kuwait (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +23.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest filling containers machinery importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), together comprising 59% of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +19.8%, recorded the highest rates of growth with regard to 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 2021, declining by -11.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 an increase of 7.4%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :