MENA: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in MENA

The MENA's market for turbo, rotary and reciporating displacement compressors rose modestly to $X in 2022, increasing by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in MENA

In value terms, production of turbo, rotary and reciporating displacement compressors rose sharply to $X in 2022 estimated in export price. Over the period under review, production posted a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports in MENA

In 2022, shipments abroad of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X units) was the largest exporter of turbo, rotary and reciporating displacement compressors, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X units), mixing up a X% share of total exports. Kuwait (X units) took a minor share of total exports.

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

In value terms, Turkey ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, exports of turbo, rotary and reciporating displacement compressors 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: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports in MENA

In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period 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 2020 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then dropped markedly in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors fell to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the main importer of turbo, rotary and reciporating displacement compressors in MENA, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Egypt (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Algeria (X%), Iran (X%), Israel (X%) and Iraq (X%).

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Israel (X%), Egypt (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Algeria (X p.p.), Turkey (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Iran saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Algeria ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Algeria, with a CAGR of X%, recorded the highest growth rate of 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 MENA stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a deep downturn. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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