Middle East: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in the Middle East

The Middle Eastern snow ploughs and blowers market shrank to $X in 2022, falling by -3.9% against the previous year. Overall, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Snow-Ploughs And Snow-Blowers in the Middle East

In value terms, snow ploughs and blowers production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The growth pace was the most rapid in 2013 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Snow-Ploughs And Snow-Blowers

Exports in the Middle East

In 2022, the amount of snow-ploughs and snow-blowers exported in the Middle East skyrocketed to X units, jumping by 41% compared with 2021 figures. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 153% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, snow ploughs and blowers exports soared to $X in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 284%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Turkey was the main exporter of snow-ploughs and snow-blowers in the Middle East, with the volume of exports recording X units, which was approx. 63% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Kuwait (X units). All these countries together held approx. 36% share of total exports.

Turkey was also the fastest-growing in terms of the snow-ploughs and snow-blowers exports, with a CAGR of +63.3% from 2012 to 2022. At the same time, Kuwait (+19.9%) and the United Arab Emirates (+17.2%) displayed positive paces of growth. While the share of Turkey (+58 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (-13.9 p.p.) and the United Arab Emirates (-31.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest snow ploughs and blowers supplier in the Middle East, comprising 92% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +74.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+20.0% per year) and Kuwait (+35.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by 108% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 210% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+13.2%), while the other leaders experienced more modest paces of growth.

Imports of Snow-Ploughs And Snow-Blowers

Imports in the Middle East

Snow ploughs and blowers imports soared to X units in 2022, rising by 120% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 196%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, snow ploughs and blowers imports soared to $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 219% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) was the largest importer of snow-ploughs and snow-blowers, making up 68% of total imports. Iraq (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (7.8%) and Lebanon (4.7%). Jordan (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the snow-ploughs and snow-blowers imports, with a CAGR of +2.8% from 2012 to 2022. Iraq (-1.4%), Jordan (-1.7%), the United Arab Emirates (-1.9%) and Lebanon (-4.9%) illustrated a downward trend over the same period. Turkey (+18 p.p.) significantly strengthened its position in terms of the total imports, while Iraq and Lebanon saw its share reduced by -1.6% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported snow-ploughs and snow-blowers in the Middle East, comprising 89% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.4% share of total imports. It was followed by Iraq, with a 2.6% share.

In Turkey, snow ploughs and blowers imports increased at an average annual rate of +1.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.9% per year) and Iraq (-18.0% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, which is down by -19.2% against the previous year. In general, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 159% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 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 Jordan (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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