Middle East: Centrifuges Market 2024

Centrifuges Market Size in the Middle East

The Middle Eastern centrifuges market skyrocketed to $X.7B in 2022, increasing by X% against the previous year. In general, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X.6B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Centrifuges Production in the Middle East

In value terms, centrifuges production skyrocketed to $X.9B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. The level of production peaked at $X.5B in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Centrifuges Exports

Exports in the Middle East

Centrifuges exports surged to X units in 2022, picking up by X% against the year before. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, centrifuges exports skyrocketed to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey (X units) and Israel (X units) represented the largest exporters of centrifuges in 2022, finishing at near X% and X% of total exports, respectively. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports.

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

In value terms, Turkey ($X) remains the largest centrifuges supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, centrifuges exports expanded 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 Israel (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 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 the United Arab Emirates ($X per unit), while Israel ($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.

Centrifuges Imports

Imports in the Middle East

After two years of decline, purchases abroad of centrifuges increased by X% to X units in 2022. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, centrifuges imports surged to $X in 2022. Total imports indicated a moderate 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, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X units) and Iraq (X units) represented the major importers of centrifuges in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Bahrain (X units), Qatar (X units), the United Arab Emirates (X units) and Kuwait (X units), together comprising a X% share of total imports. Israel (X units) took a relatively small 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 ($X) constitutes the largest market for imported centrifuges in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an 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: Iraq (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 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 Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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