Middle East: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern market for diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, when its value decreased by -6.7% to $X. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Diesel or Semi-Diesel Electric Generating Sets of Output Over X kVA but Under X kVA in the Middle East

In value terms, production of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 738%. As a result, production attained the peak level of $X, and then shrank remarkably in the following year.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Exports in the Middle East

In 2022, exports of diesel or semi-diesel electric generating sets of output over X kva but under X kva in the Middle East soared to X units, increasing by 56% on the previous year. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA soared to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in kVA structure, resulting at X units, which was near 87% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a 5.5% share of total exports. Lebanon (X units) held a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the diesel or semi-diesel electric generating sets of output over X kVA but under X kVA exports, with a CAGR of +12.2% from 2012 to 2022. The United Arab Emirates (-6.4%) and Lebanon (-14.8%) illustrated a downward trend over the same period. Turkey (+44 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Lebanon saw its share reduced by -11.4% and -28% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest diesel or semi-diesel electric generating set of output over X kVA but under X kVA supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at +8.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.0% per year) and Lebanon (-14.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with a decrease of -6.7% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The growth pace was the most rapid in 2021 when the export price increased by 4.2% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Over 75 kVA but Under 375 kVA

Imports in the Middle East

In 2022, purchases abroad of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA increased by 24% to X units, rising for the second consecutive year after five years of decline. In general, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 25%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA expanded notably to $X in 2022. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of diesel or semi-diesel electric generating sets of output over X kVA but under X kVA, namely Qatar, Iraq, the United Arab Emirates and Turkey, represented more than two-thirds of total import. Israel (X units) ranks next in terms of the total imports with an 8.4% share, followed by Kuwait (4.6%). Yemen (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +11.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together accounting for 46% of total imports. Israel, Qatar, Kuwait and Yemen lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Israel, with a CAGR of +8.9%, saw the highest rates of growth with regard to 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 unit, which is down by -8.9% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when the import price increased by 33%. Over the period under review, import prices reached the maximum 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 Kuwait ($X per unit), while Qatar ($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 (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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