Middle East: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in the Middle East

The Middle Eastern steam blasting machine market contracted to $X in 2021, with a decrease of -9.2% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in the Middle East

In value terms, steam blasting machine production contracted modestly to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 84%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in the Middle East

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported in the Middle East; picking up by 88% compared with 2020. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam blasting machine exports surged to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.2% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Turkey was the key exporting country with an export of about X units, which recorded 68% of total exports. The United Arab Emirates (X units) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Oman (5.1%). Israel (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +10.8% from 2012 to 2021. At the same time, Oman (+55.2%) and Israel (+8.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +55.2% from 2012-2021. By contrast, the United Arab Emirates (-2.8%) illustrated a downward trend over the same period. Turkey (+24 p.p.) and Oman (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -26.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest steam blasting machine supplier in the Middle East, comprising 73% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Israel, with a 2.6% share.

In Turkey, steam blasting machine exports increased at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.1% per year) and Israel (-1.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, shrinking by -30.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 49%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Steam Blasting Machine Imports

Imports in the Middle East

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported in the Middle East; standing approx. at the year before. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 110% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports expanded notably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Qatar represented the key importer of steam or sand blasting machines and similar jet-projecting machines in the Middle East, with the volume of imports amounting to X units, which was approx. 53% of total imports in 2021. The United Arab Emirates (X units) held the second position in the ranking, followed by Turkey (X units), Iraq (X units) and Israel (X units). All these countries together held approx. 37% share of total imports. The following importers - Iran (X units) and Palestine (X units) - together made up 4.9% of total imports.

Qatar was also the fastest-growing in terms of the steam or sand blasting machines and similar jet-projecting machines imports, with a CAGR of +9.1% from 2012 to 2021. At the same time, Palestine (+5.7%), Israel (+4.8%), Iraq (+3.7%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. By contrast, Iran (-8.5%) and Turkey (-15.5%) illustrated a downward trend over the same period. Qatar (+29 p.p.), the United Arab Emirates (+3.3 p.p.), Iraq (+2.3 p.p.) and Israel (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Iran and Turkey saw its share reduced by -3.1% and -36% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2021, with a combined 54% share of total imports. These countries were followed by Qatar, Iraq, Iran and Palestine, which together accounted for a further 15%.

Palestine, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, among 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 2021, rising by 9.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 63%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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