Middle East: Shaft Coupling Market 2024

Shaft Coupling Market Size in the Middle East

The Middle Eastern shaft coupling market fell to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Shaft Coupling Production in the Middle East

In value terms, shaft coupling production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Shaft Coupling Exports

Exports in the Middle East

In 2022, shipments abroad of clutches and shaft couplings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, shaft coupling exports surged to $X in 2022. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together constituting X% of total exports. Kuwait (X tons) held a minor share of total exports.

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

In value terms, the largest shaft coupling supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Kuwait, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 ($X per ton), while Kuwait ($X per ton) 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 mixed trends in the export price figures.

Shaft Coupling Imports

Imports in the Middle East

In 2022, overseas purchases of clutches and shaft couplings increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, shaft coupling imports expanded significantly to $X in 2022. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey represented the largest importer of clutches and shaft couplings in the Middle East, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%), Saudi Arabia (X%) and Iraq (X%). Israel (X tons) and Kuwait (X tons) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), the United Arab Emirates (X%), Iraq (X%), Iran (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates, Iran, Iraq and Kuwait increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest shaft coupling importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for X% of total imports. Iran, Israel, Kuwait and Iraq lagged somewhat behind, together comprising a further X%.

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 the Middle East amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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