Middle East: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in the Middle East

In 2022, after two years of growth, there was significant decline in the Middle Eastern flexographic printing machinery market, when its value decreased by X% to $X. In general, consumption, however, recorded a pronounced expansion. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Flexographic Printing Machinery Production in the Middle East

In value terms, flexographic printing machinery production contracted rapidly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Flexographic Printing Machinery Exports

Exports in the Middle East

After two years of decline, shipments abroad of flexographic printing machinery increased by X% to X units in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, flexographic printing machinery exports reduced rapidly to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports. Kuwait (X units) followed a long way behind the leaders.

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, Turkey ($X) remains the largest flexographic printing machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Flexographic Printing Machinery Imports

Imports in the Middle East

In 2022, the amount of flexographic printing machinery imported in the Middle East soared to X units, with an increase of X% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flexographic printing machinery imports totaled $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Kuwait (X units) was the major importer of flexographic printing machinery, comprising X% of total imports. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Qatar (X%). Iran (X units), Oman (X units) and Bahrain (X units) held a relatively small share of total imports.

Kuwait was also the fastest-growing in terms of the flexographic printing machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%), Bahrain (X%), Iran (X%) and Turkey (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), Turkey (X p.p.), Iran (X p.p.), Oman (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported flexographic printing machinery in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, flexographic printing machinery imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 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 Turkey ($X per unit), while Kuwait ($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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