Middle East: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in the Middle East

After three years of growth, the Middle Eastern market for vacuum pumps and air or gas compressors decreased by X% to $X in 2022. Overall, consumption showed a noticeable decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in the Middle East

In value terms, production of vacuum pumps and air or gas compressors rose remarkably to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in the Middle East

In 2022, exports of vacuum pumps and air or gas compressors in the Middle East expanded rapidly to X units, with an increase of X% on 2021. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of vacuum pumps and air or gas compressors soared to $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Turkey represented the largest exporter of vacuum pumps and air or gas compressors in the Middle East, with the volume of exports recording X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Israel (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (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, the largest vacuum pump and air or gas compressor supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, jumping by X% against the previous year. In general, the export price recorded a slight increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while Israel ($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 export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in the Middle East

After five years of growth, overseas purchases of vacuum pumps and air or gas compressors decreased by X% to X units in 2022. Total imports indicated noticeable 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, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors totaled $X in 2022. Over the period under review, imports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the largest importer of vacuum pumps and air or gas compressors in the Middle East, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Iran (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Iraq (X%). Saudi Arabia (X units), Israel (X units) and Kuwait (X units) took a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Iran (X%), Iraq (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Iran (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum pump and air or gas compressor importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total imports. Saudi Arabia, Israel, Kuwait and Iraq lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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 the Middle East stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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