Middle East: Tamping Machinery Market 2024

Tamping Machinery Market Size in the Middle East

The Middle Eastern tamping machinery market rose to $X in 2021, growing by 2.4% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +9.8% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tamping Machinery Production in the Middle East

In value terms, tamping machinery production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Tamping Machinery Exports

Exports in the Middle East

In 2021, tamping machinery exports in the Middle East surged to X units, growing by 105% against the year before. Over the period under review, exports recorded prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 119%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, tamping machinery exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 93%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of about X units, which recorded 68% of total exports. Saudi Arabia (X units) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5.7%). Jordan (X units) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the tamping or compacting machinery exports, with a CAGR of +26.8% from 2012 to 2021. At the same time, Saudi Arabia (+22.7%), Jordan (+15.1%) and Turkey (+3.0%) displayed positive paces of growth. From 2012 to 2021, the share of the United Arab Emirates and Saudi Arabia increased by +46 and +13 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest tamping machinery supplier in the Middle East, comprising 55% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 25% share of total exports. It was followed by Turkey, with a 16% share.

In the United Arab Emirates, tamping machinery exports increased at an average annual rate of +18.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+18.2% per year) and Turkey (+3.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, which is down by -28.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 42%. As a result, the export price reached the peak level of $X per unit, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Jordan ($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 (+0.4%), while the other leaders experienced a decline in the export price figures.

Tamping Machinery Imports

Imports in the Middle East

In 2021, purchases abroad of tamping or compacting machinery increased by 77% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted a perceptible increase. The growth pace was the most rapid in 2017 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, tamping machinery imports declined markedly to $X in 2021. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 52%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X units, which was near 79% of total imports in 2021. Palestine (X units) ranks second in terms of the total imports with a 6.2% share, followed by Turkey (6.1%). Oman (X units) and Iraq (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tamping machinery imports into the United Arab Emirates stood at +25.4%. At the same time, Palestine (+42.4%) and Turkey (+2.8%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +42.4% from 2012-2021. By contrast, Oman (-3.8%) and Iraq (-15.9%) illustrated a downward trend over the same period. The United Arab Emirates (+63 p.p.) and Palestine (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Iraq saw its share reduced by -3.2% and -15.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tamping or compacting machinery in the Middle East, comprising 76% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.6% share of total imports. It was followed by Iraq, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (-4.0% per year) and Iraq (-13.3% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, falling by -53.5% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 27%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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