MENA: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in MENA

In 2022, the MENA's endless machinery band market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Endless Machinery Band Production in MENA

In value terms, endless machinery band production surged to $X in 2022 estimated in export price. The total production indicated a buoyant increase 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Endless Machinery Band Exports

Exports in MENA

In 2022, shipments abroad of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the fifth consecutive year after two years of decline. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, endless machinery band exports surged to $X in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from the United Arab Emirates (X square meters), together reaching X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the endless bands for machinery, of stainless steel exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (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, the United Arab Emirates ($X) also remains the largest endless machinery band supplier in MENA.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Export Prices by Country

The export price in MENA stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Endless Machinery Band Imports

Imports in MENA

In 2022, supplies from abroad of endless bands for machinery, of stainless steel decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a perceptible expansion 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 decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2021, and then declined in the following year.

In value terms, endless machinery band imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

Turkey (X square meters) and Kuwait (X square meters) represented roughly X% of total imports in 2022. It was distantly followed by Lebanon (X square meters), Iraq (X square meters), Egypt (X square meters), the United Arab Emirates (X square meters) and Israel (X square meters), together committing a X% share of total imports. Morocco (X square meters) held a minor share of total imports.

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

In value terms, the largest endless machinery band importing markets in MENA were Turkey ($X), Kuwait ($X) and Egypt ($X), with a combined X% share of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 MENA amounted to $X per square meter, waning by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price 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, endless machinery band import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the 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 Turkey ($X per square meter), while Iraq ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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