Middle East: Milking Machine Market 2024

Milking Machine Market Size in the Middle East

In 2022, the Middle Eastern milking machine market decreased by -11.4% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, enjoyed a slight increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Milking Machine Production in the Middle East

In value terms, milking machine production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 97% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Milking Machine Exports

Exports in the Middle East

In 2022, approx. X units of milking machines were exported in the Middle East; growing by 2.3% on 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 75%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports reached $X in 2022. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X units) was the major exporter of milking machines, making up 73% of total exports. It was distantly followed by Israel (X units), constituting a 27% share of total exports.

Turkey was also the fastest-growing in terms of the milking machines exports, with a CAGR of +11.5% from 2012 to 2022. At the same time, Israel (+5.7%) displayed positive paces of growth. While the share of Turkey (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (-11.5 p.p.) displayed negative dynamics.

In value terms, Israel ($X) remains the largest milking machine supplier in the Middle East, comprising 73% of total exports. The second position in the ranking was held by Turkey ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Israel amounted to +9.9%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+4.0%).

Milking Machine Imports

Imports in the Middle East

In 2022, supplies from abroad of milking machines increased by 13% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 30% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, milking machine imports soared to $X in 2022. In general, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 70% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey represented the largest importing country with an import of around X units, which resulted at 43% of total imports. Iraq (X units) held the second position in the ranking, followed by the United Arab Emirates (X units), Jordan (X units), Syrian Arab Republic (X units), Lebanon (X units) and Kuwait (X units). All these countries together took near 51% share of total imports.

Imports into Turkey decreased at an average annual rate of -10.9% from 2012 to 2022. At the same time, Iraq (+23.5%), Kuwait (+19.6%) and the United Arab Emirates (+17.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +23.5% from 2012-2022. By contrast, Lebanon (-10.0%), Jordan (-11.0%) and Syrian Arab Republic (-13.7%) illustrated a downward trend over the same period. While the share of Iraq (+15 p.p.), the United Arab Emirates (+9 p.p.) and Kuwait (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (-2.4 p.p.), Syrian Arab Republic (-5 p.p.) and Turkey (-13.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported milking machines in the Middle East, comprising 47% of total imports. The second position in the ranking was taken by Jordan ($X), with a 12% share of total imports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at -10.9%. In the other countries, the average annual rates were as follows: Jordan (+9.3% per year) and the United Arab Emirates (+14.7% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+22.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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