Middle East: Plough Market 2025

Plough Market Size in the Middle East

The Middle Eastern plough market expanded sharply to $X in 2022, increasing by 10% against the previous year. In general, consumption, however, recorded a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plough Production in the Middle East

In value terms, plough production rose to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.5% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Plough Exports

Exports in the Middle East

In 2022, exports of ploughs for agricultural purposes in the Middle East reached X units, approximately mirroring the year before. The total export volume increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, plough exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +5.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of ploughs for agricultural purposes in the Middle East, making up 98% of total export.

Turkey was also the fastest-growing in terms of the ploughs for agricultural purposes exports, with a CAGR of +4.8% from 2012 to 2022. While the share of Turkey (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest plough supplier in the Middle East.

In Turkey, plough exports increased at an average annual rate of +5.7% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by 15% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 18%. The level of export peaked in 2022 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 Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.9% per year.

Plough Imports

Imports in the Middle East

Plough imports surged to X units in 2022, growing by 69% on the previous year's figure. In general, imports, however, showed a pronounced slump. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plough imports skyrocketed to $X in 2022. Overall, imports, however, recorded a perceptible slump. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iraq was the main importer of ploughs for agricultural purposes in the Middle East, with the volume of imports recording X units, which was approx. 59% of total imports in 2022. Lebanon (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Oman (7.1%) and Turkey (6.9%). The following importers - Qatar (X units), the United Arab Emirates (X units) and Iran (X units) - together made up 8.3% of total imports.

From 2012 to 2022, average annual rates of growth with regard to plough imports into Iraq stood at -5.2%. At the same time, Lebanon (+12.7%), Iran (+8.7%), Oman (+8.0%), Turkey (+6.3%) and Qatar (+6.3%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +12.7% from 2012-2022. By contrast, the United Arab Emirates (-5.3%) illustrated a downward trend over the same period. While the share of Lebanon (+8.1 p.p.), Oman (+4.6 p.p.), Turkey (+4.1 p.p.) and Qatar (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (-17.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X) constitutes the largest market for imported ploughs for agricultural purposes in the Middle East, comprising 37% of total imports. The second position in the ranking was held by Turkey ($X), with a 16% share of total imports. It was followed by Lebanon, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Iraq totaled -7.6%. In the other countries, the average annual rates were as follows: Turkey (+15.6% per year) and Lebanon (+10.3% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, reducing by -17.3% against the previous year. Overall, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2021 an increase of 39%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($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 (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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