Middle East: Market for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in the Middle East

The Middle Eastern market for bucket type continuous-action elevators and conveyors for goods or materials rose to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in the Middle East

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in the Middle East

Exports of bucket type continuous-action elevators and conveyors for goods or materials skyrocketed to X units in 2022, growing by X% compared with the previous year. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials soared to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey dominates materials structure, accounting for X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (X%).

Turkey was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest bucket type continuous-action elevator and conveyor supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price, however, saw tangible growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Imports of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in the Middle East

In 2022, purchases abroad of bucket type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt slump. The pace of growth appeared 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 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait dominates materials structure, reaching X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), mixing up a X% share of total imports. Iran (X units), Turkey (X units), the United Arab Emirates (X units), Bahrain (X units) and Iraq (X units) held a relatively small share of total imports.

Kuwait was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%), Iran (X%), Iraq (X%), the United Arab Emirates (X%), Turkey (X%) and Qatar (X%) displayed positive paces of growth. Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq, the United Arab Emirates, Iran, Turkey and Qatar saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bucket type continuous-action elevator and conveyor importing markets in the Middle East were Kuwait ($X), Turkey ($X) and Iran ($X), with a combined X% share of total imports. The United Arab Emirates, Qatar, Iraq and Bahrain lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of 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, dropping by X% against the previous year. Over the period under review, the import price showed a significant curtailment. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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