Middle East: Endless Machinery Band Market 2024

Endless Machinery Band Market Size in the Middle East

After three years of growth, the Middle Eastern endless machinery band market decreased by X% to $X in 2022. Over the period under review, consumption showed a buoyant increase. The level of consumption peaked at $X in 2021, and then declined in the following year.

Endless Machinery Band Production in the Middle East

In value terms, endless machinery band production skyrocketed to $X in 2022 estimated in export price. The total production indicated prominent growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Endless Machinery Band Exports

Exports in the Middle East

In 2022, overseas shipments of endless bands for machinery, of stainless steel increased by X% to X square meters, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, endless machinery band exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from the United Arab Emirates (X square meters), together finishing at X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the endless bands for machinery, of stainless steel exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest endless machinery band supplier in the Middle East.

In the United Arab Emirates, endless machinery band exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Endless Machinery Band Imports

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in overseas purchases of endless bands for machinery, of stainless steel, when their volume decreased by X% to X square meters. Total imports indicated perceptible growth 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. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2021, and then reduced in the following year.

In value terms, endless machinery band imports shrank to $X in 2022. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Turkey (X square meters) and Kuwait (X square meters) were the key importers of endless bands for machinery, of stainless steel in the Middle East, together accounting for near X% of total imports. Lebanon (X square meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), the United Arab Emirates (X%) and Israel (X%). Palestine (X square meters) held a relatively small share of total imports.

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

In value terms, the largest endless machinery band importing markets in the Middle East were Turkey ($X), Kuwait ($X) and Israel ($X), together comprising X% of total imports. The United Arab Emirates, Palestine, Lebanon and Iraq lagged somewhat behind, together accounting for a further X%.

Palestine, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 square meter, dropping by X% against the previous year. Overall, the import price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the 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 ($X per square meter), while Iraq ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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