Middle East: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in the Middle East

The Middle Eastern market for mechanical appliances for projecting, dispersing or spraying was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption showed a noticeable increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in the Middle East

In value terms, production of mechanical appliances for projecting, dispersing or spraying totaled $X in 2022 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in the Middle East

In 2022, the amount of mechanical appliances for projecting, dispersing or spraying exported in the Middle East skyrocketed to X units, picking up by 33% against the year before. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 76%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying surged to $X in 2022. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 121%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey prevails in spraying structure, amounting to X units, which was approx. 82% of total exports in 2022. It was distantly followed by Israel (X units) and the United Arab Emirates (X units), together constituting a 15% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +13.9% from 2012 to 2022. At the same time, Saudi Arabia (+27.0%), the United Arab Emirates (+7.8%) and Israel (+4.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +27.0% from 2012-2022. From 2012 to 2022, the share of Turkey increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in the Middle East, comprising 63% of total exports. The second position in the ranking was taken by Israel ($X), with a 26% share of total exports. It was followed by the United Arab Emirates, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+5.3% per year) and the United Arab Emirates (+7.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, which is down by -5.2% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by 26% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in the Middle East

Imports of mechanical appliances for projecting, dispersing or spraying reduced slightly to X units in 2022, falling by -4.2% compared with the previous year's figure. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then declined slightly in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying amounted to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 26% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly 69% of total imports in 2022. Iran (X units) ranks next in terms of the total imports with a 7.5% share, followed by Iraq (6.2%) and Israel (5.5%). The following importers - Jordan (X units) and Oman (X units) - each reached a 6.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in the Middle East, comprising 50% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total imports. It was followed by Israel, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +12.1%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.5% per year) and Israel (+10.7% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, surging by 18% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per unit), while Jordan ($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 (+5.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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