Middle East: Machinery For Packing Market 2024

Machinery For Packing Market Size in the Middle East

In 2022, the Middle Eastern machinery for packing market decreased by -21.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Machinery For Packing Production in the Middle East

In value terms, machinery for packing production declined sharply to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 105%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Machinery For Packing Exports

Exports in the Middle East

After two years of growth, overseas shipments of machinery for packing or wrapping decreased by -7.1% to X units in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 28%. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, machinery for packing exports declined to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +8.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 23%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was approx. 87% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), mixing up a 6.8% share of total exports. The following exporters - Israel (X units) and Saudi Arabia (X units) - each reached a 4.3% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to machinery for packing exports from Turkey stood at +9.5%. At the same time, Saudi Arabia (+22.2%), the United Arab Emirates (+14.2%) and Israel (+9.2%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +22.2% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates increased by +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest machinery for packing supplier in the Middle East, comprising 83% of total exports. The second position in the ranking was taken by Israel ($X), with a 5.9% share of total exports. It was followed by the United Arab Emirates, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +7.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+8.1% per year) and the United Arab Emirates (+13.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, dropping by -2.4% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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 Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.5%), while the other leaders experienced a decline in the export price figures.

Machinery For Packing Imports

Imports in the Middle East

In 2022, the amount of machinery for packing or wrapping imported in the Middle East shrank to X units, falling by -3.1% against the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 14% against the previous year. The volume of import peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, machinery for packing imports fell significantly to $X in 2022. Over the period under review, imports saw a slight descent. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units), distantly followed by the United Arab Emirates (X units), Iran (X units), Iraq (X units), Israel (X units) and Qatar (X units) were the largest importers of machinery for packing or wrapping, together committing 86% of total imports. Oman (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest machinery for packing importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), with a combined 67% share of total imports. Israel, Iraq, Qatar and Oman lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Qatar, with a CAGR of +16.2%, saw 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

In 2022, the import price in the Middle East amounted to $X per unit, declining by -20.8% against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2019 an increase of 15%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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