MENA: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in MENA

The MENA's agricultural forestry machinery market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Agricultural Forestry Machinery Production in MENA

In value terms, agricultural forestry machinery production reduced to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Agricultural Forestry Machinery Exports

Exports in MENA

For the third consecutive year, MENA recorded growth in overseas shipments of agricultural forestry machinery (lawn or sportsground rollers), which increased by X% to X units in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, agricultural forestry machinery exports soared to $X in 2022. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X units) represented the key exporter of agricultural forestry machinery (lawn or sportsground rollers), comprising X% of total exports. Iran (X units) took the second position in the ranking, distantly followed by Israel (X units) and the United Arab Emirates (X units). All these countries together held near X% share of total exports. The following exporters - Lebanon (X units) and Egypt (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural forestry machinery exports from Turkey stood at X%. At the same time, Iran (X%), the United Arab Emirates (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iran and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest agricultural forestry machinery supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports. It was followed by Iran, with an X% share.

In Turkey, agricultural forestry machinery exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, dropping by X% against the previous year. In general, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Agricultural Forestry Machinery Imports

Imports in MENA

In 2022, approx. X units of agricultural forestry machinery (lawn or sportsground rollers) were imported in MENA; which is down by X% compared with the previous year. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, agricultural forestry machinery imports soared to $X in 2022. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of agricultural forestry machinery imports in 2022 were Israel (X units), the United Arab Emirates (X units), Morocco (X units), Algeria (X units), Iraq (X units) and Tunisia (X units), together amounting to X% of total import. Libya (X units) ranks next in terms of the total imports with a X% share, followed by Kuwait (X%).

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

In value terms, the United Arab Emirates ($X), Israel ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Tunisia, Kuwait, Iraq and Libya lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in MENA amounted to $X per unit, rising by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, agricultural forestry machinery import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices remained 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 the United Arab Emirates ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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