Middle East: Poultry Incubator Market 2024

Poultry Incubator Market Size in the Middle East

The Middle Eastern poultry incubator market shrank to $X in 2022, with a decrease of -6.1% against the previous year. Overall, consumption showed a deep reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Poultry Incubator Production in the Middle East

In value terms, poultry incubator production shrank to $X in 2022 estimated in export price. In general, production saw a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 23%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry Incubator Exports

Exports in the Middle East

Poultry incubator exports dropped to X units in 2022, waning by -11.3% on the year before. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 114%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry incubator exports dropped to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 48% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, reaching X units, which was near 91% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), committing a 6.2% share of total exports.

Exports from Turkey decreased at an average annual rate of -7.6% from 2012 to 2022. At the same time, the United Arab Emirates (+28.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +28.2% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Turkey increased by +6 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest poultry incubator supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to -2.6%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by 6% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poultry incubator export price increased by +55.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 60%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($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 Turkey (+5.4%).

Poultry Incubator Imports

Imports in the Middle East

In 2022, supplies from abroad of poultry incubators and brooders was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 530% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, poultry incubator imports fell to $X in 2022. Overall, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 71%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iraq (X units) and Qatar (X units) represented the main importers of poultry incubators and brooders in the Middle East, together achieving 51% of total imports. Iran (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (11%), Oman (6.5%), Yemen (6.1%) and Jordan (5.1%). The following importers - the United Arab Emirates (X units) and Israel (X units) - each resulted at a 5.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +27.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest poultry incubator importing markets in the Middle East were Iraq ($X), Turkey ($X) and Yemen ($X), with a combined 43% share of total imports. Jordan, Iran, Israel, the United Arab Emirates, Oman and Qatar lagged somewhat behind, together comprising a further 29%.

Iran, with a CAGR of +27.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2022, dropping by -34.3% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 146% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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