Middle East: Compression Type Mould Market 2024

Compression Type Mould Market Size in the Middle East

After two years of decline, the Middle Eastern compression type mould market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Compression Type Mould Production in the Middle East

In value terms, compression type mould production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Compression Type Mould Exports

Exports in the Middle East

Compression type mould exports declined to X units in 2022, remaining stable against 2021 figures. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, compression type mould exports contracted to $X in 2022. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Israel (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to compression type mould exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Israel 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 ($X) remains the largest compression type mould supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, compression type mould exports 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 Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Compression Type Mould Imports

Imports in the Middle East

In 2022, approx. X units of injection or compression type moulds for rubber or plastics were imported in the Middle East; with an increase of X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, compression type mould imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) was the largest importer of injection or compression type moulds for rubber or plastics, achieving X% of total imports. It was distantly followed by Iran (X units), Israel (X units) and the United Arab Emirates (X units), together creating a X% share of total imports. Iraq (X units) and Yemen (X units) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Yemen (X%), Iran (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Iraq (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported injection or compression type moulds for rubber or plastics in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by Iran, with an 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 Iran (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a mild reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. 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 Israel ($X per unit), while Yemen ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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