MENA: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in MENA

The MENA's market for belt type continuous-action elevators and conveyors for goods or materials declined slightly to $X in 2022, falling by X% against the previous year. The total consumption indicated a pronounced expansion 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 increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in MENA

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports in MENA

In 2022, overseas shipments of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials dropped markedly to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Turkey prevails in materials structure, recording X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). Bahrain (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to belt type continuous-action elevator and conveyor exports from Turkey stood at X%. At the same time, Tunisia (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Turkey (X p.p.), Tunisia (X p.p.), the United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest belt type continuous-action elevator and conveyor supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the export price increased by X%. 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.

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 ($X per unit), while Bahrain ($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 Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in MENA

In 2022, overseas purchases of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank markedly in the following year.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials reduced slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) and Tunisia (X units) represented the largest importers of belt type continuous-action elevators and conveyors for goods or materials in MENA, together making up X% of total imports. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). The United Arab Emirates (X units), Morocco (X units), Egypt (X units), Bahrain (X units), Oman (X units), Israel (X units) and Algeria (X units) followed a long way behind the leaders.

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

In value terms, Turkey ($X) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in MENA, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 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 Algeria ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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