MENA: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in MENA

The MENA's market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps reduced modestly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in MENA

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted slightly to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2021, and then shrank modestly in the following year.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in MENA

In 2022, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps in MENA was estimated at X units, surging by X% against the year before. Total exports indicated prominent growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2022. Over the period under review, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in pumps structure, accounting for X units, which was near X% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Saudi Arabia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Turkey stood at X%. At the same time, Saudi Arabia (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per unit), while Saudi Arabia ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in MENA

After two years of growth, supplies from abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased by X% to X units in 2022. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Turkey dominates pumps structure, finishing at X units, which was approx. X% of total imports in 2022. The following importers - Iraq (X units), Iran (X units), Algeria (X units), the United Arab Emirates (X units) and Egypt (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hydraulic pump (gear or vane) and other rotary positive displacement pump imports into Turkey stood at X%. At the same time, Egypt (X%), Algeria (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Algeria (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($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 a decline in the import price figures.

Source: IndexBox Platform

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