MENA: Threshing Machinery Market 2024

Threshing Machinery Market Size in MENA

The MENA's threshing machinery market rose modestly to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, recorded a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Threshing Machinery Production in MENA

In value terms, threshing machinery production stood at $X in 2023 estimated in export price. In general, production, however, showed a pronounced decline. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Threshing Machinery Exports

Exports in MENA

Threshing machinery exports shrank dramatically to X units in 2023, which is down by X% compared with the previous year. Over the period under review, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2022, and then declined significantly in the following year.

In value terms, threshing machinery exports fell notably to $X in 2023. Overall, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was near X% of total exports in 2023. Iran (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of X% from 2012 to 2023. Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Turkey was relatively modest.

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Threshing Machinery Imports

Imports in MENA

Threshing machinery imports fell dramatically to X units in 2023, waning by X% on the previous year's figure. Over the period under review, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports reduced dramatically to $X in 2023. Overall, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Morocco (X units) was the key importer of threshing machinery except combine harvester-threshers, achieving X% of total imports. It was distantly followed by Iraq (X units), Djibouti (X units) and Turkey (X units), together mixing up a X% share of total imports. Oman (X units), Yemen (X units), Egypt (X units), Tunisia (X units), the United Arab Emirates (X units), Syrian Arab Republic (X units), Algeria (X units) and Lebanon (X units) took a relatively small share of total imports.

Imports into Morocco decreased at an average annual rate of X% from 2012 to 2023. At the same time, Djibouti (X%), the United Arab Emirates (X%), Yemen (X%), Oman (X%), Syrian Arab Republic (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Lebanon experienced a relatively flat trend pattern. By contrast, Tunisia (X%), Turkey (X%), Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Djibouti, Iraq, Yemen, Oman and the United Arab Emirates increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest threshing machinery importing markets in MENA were Iraq ($X), Morocco ($X) and Djibouti ($X), together accounting for X% of total imports.

Djibouti, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in MENA amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Egypt ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform