Middle East: Escalator Market 2024

Escalator Market Size in the Middle East

The Middle Eastern escalator market shrank sharply to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed measured growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Escalator Production in the Middle East

In value terms, escalator production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Escalator Exports

Exports in the Middle East

In 2022, overseas shipments of escalators and moving WalkWays increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, escalator exports surged to $X in 2022. Overall, exports enjoyed notable growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Lebanon (X units) - each resulted at an X% share of total exports.

Turkey was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 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 Turkey ($X per unit), while Lebanon ($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.

Escalator Imports

Imports in the Middle East

In 2022, the amount of escalators and moving WalkWays imported in the Middle East dropped markedly to X units, waning by X% against the previous year's figure. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, escalator imports shrank remarkably to $X in 2022. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Turkey represented the largest importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Iraq (X units), Israel (X units), Iran (X units), Palestine (X units), the United Arab Emirates (X units) and Qatar (X units), together making up a X% share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported escalators and moving WalkWays in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, escalator imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, growing by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price 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, escalator import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a 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 Qatar ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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