Middle East: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2025

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in the Middle East

The Middle Eastern market for pulley tackle and hoists powered by an electric motor rose remarkably to $X in 2022, increasing by 9.4% against the previous year. The market value increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in the Middle East

In value terms, production of pulley tackle and hoists powered by an electric motor rose to $X in 2022 estimated in export price. In general, production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 51% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports in the Middle East

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were exported in the Middle East; surging by 66% against 2021. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pulley tackle and hoists powered by an electric motor soared to $X in 2022. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in motor structure, accounting for X units, which was approx. 89% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a 4.6% share of total exports. Saudi Arabia (X units) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the pulley tackle and hoists powered by an electric motor exports, with a CAGR of +17.6% from 2012 to 2022. At the same time, Saudi Arabia (+14.4%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Turkey (+22 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-13.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest pulley tackle and hoists powered by an electric motor supplier in the Middle East, comprising 86% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.9% share of total exports.

In Turkey, exports of pulley tackle and hoists powered by an electric motor expanded at an average annual rate of +19.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.0% per year) and Saudi Arabia (+12.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by 34% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($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 (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports in the Middle East

In 2022, approx. X units of pulley tackle and hoists powered by an electric motor were imported in the Middle East; growing by 2.5% against 2021 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 26%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor contracted modestly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Iran (X units), the United Arab Emirates (X units), Turkey (X units) and Israel (X units) represented roughly 87% of total imports in 2022. It was distantly followed by Qatar (X units), generating a 5.5% share of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iran ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +7.8%, recorded 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

The import price in the Middle East stood at $X per unit in 2022, which is down by -4% against the previous year. In general, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 19%. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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