Middle East: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in the Middle East

The Middle Eastern market for elevators and conveyors other than pneumatic, belt- or bucket-type fell notably to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced notably in the following year.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in the Middle East

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type shrank 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 2015 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in the Middle East

In 2022, the amount of elevators and conveyors other than pneumatic, belt- or bucket-type exported in the Middle East soared to X units, rising by X% compared with 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type expanded markedly to $X in 2022. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the major exporter of elevators and conveyors other than pneumatic, belt- or bucket-type in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Israel (X units) took the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together held approx. X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Israel increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, exports of elevators and conveyors other than pneumatic, belt- or bucket-type increased 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: Israel (X% per year) and the United Arab Emirates (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. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Israel ($X per unit), while the United Arab Emirates ($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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in the Middle East

In 2022, supplies from abroad of elevators and conveyors other than pneumatic, belt- or bucket-type was finally on the rise to reach X units after four years of decline. Total imports indicated a resilient 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. Over the period under review, imports of hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of elevators and conveyors other than pneumatic, belt- or bucket-type, namely Qatar, Turkey and Bahrain, represented more than half of total import. It was distantly followed by the United Arab Emirates (X units), Israel (X units) and Kuwait (X units), together constituting a X% share of total imports. Oman (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 key 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 ($X) constitutes the largest market for imported elevators and conveyors other than pneumatic, belt- or bucket-type in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. 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 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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