Middle East: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the Middle East

The Middle Eastern market for turbo, rotary and reciporating displacement compressors expanded modestly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated measured 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 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Turbo, Rotary and Reciporating Displacement Compressors in the Middle East

In value terms, production of turbo, rotary and reciporating displacement compressors rose significantly to $X in 2022 estimated in export price. Over the period under review, production showed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production of attained the peak level 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 the Middle East

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of turbo, rotary and reciporating displacement compressors soared to $X in 2022. Overall, exports showed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X units) was the major exporter of turbo, rotary and reciporating displacement compressors, comprising X% of total exports. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total exports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest turbo, rotary and reciporating displacement compressor supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($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. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure 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 the Middle East

In 2022, after two years of growth, there was significant decline in supplies from abroad of turbo, rotary and reciporating displacement compressors, when their volume decreased by X% to X units. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the main importing country with an import of about X units, which amounted to X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Iran (X%), Israel (X%) and Iraq (X%). The following importers - Kuwait (X units), Yemen (X units) and Oman (X units) - each accounted for a X% share of total imports.

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

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

Israel, with a CAGR of X%, recorded 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

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood 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 Oman ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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