MENA: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in MENA

The MENA's market for elevators and conveyors other than pneumatic, belt- or bucket-type declined dramatically to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in MENA

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type dropped remarkably to $X in 2022 estimated in export price. Overall, production, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 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 stood at a somewhat lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in MENA

In 2022, approx. X units of elevators and conveyors other than pneumatic, belt- or bucket-type were exported in MENA; increasing by X% on the year before. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded sharply to $X in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Tunisia was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Turkey (X units), constituting a X% share of total exports. Israel (X units) held a minor share of total exports.

Tunisia was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) and Turkey (X%) displayed positive paces of growth. Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, exports of elevators and conveyors other than pneumatic, belt- or bucket-type 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: Israel (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 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 Israel ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in MENA

In 2022, overseas purchases of elevators and conveyors other than pneumatic, belt- or bucket-type were finally on the rise to reach X units after four years of decline. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of elevators and conveyors other than pneumatic, belt- or bucket-type in 2022 were Qatar (X units), Turkey (X units) and Bahrain (X units), together accounting for X% of total import. The United Arab Emirates (X units) held the next position in the ranking, followed by Israel (X units), Tunisia (X units), Morocco (X units) and Algeria (X units). All these countries together held near X% share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported elevators and conveyors other than pneumatic, belt- or bucket-type in MENA, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, 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 Israel ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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