Middle East: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in the Middle East

The Middle Eastern air or gas liquefier market amounted to $X.3B in 2022, with an increase of X% against the previous year. The market value 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. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Machinery for Liquefying Air or Gases in the Middle East

In value terms, air or gas liquefier production reached $X.5B in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X.5B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Machinery for Liquefying Air or Gases

Exports in the Middle East

In 2022, after three years of growth, there was significant decline in shipments abroad of machinery for liquefying air or gases, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank markedly in the following year.

In value terms, air or gas liquefier exports surged to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 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 United Arab Emirates was the main exporting country with an export of around X units, which accounted for X% of total exports. Turkey (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%) and Kuwait (X%). The following exporters - Oman (X units), Iran (X units) and Jordan (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to air or gas liquefier exports from the United Arab Emirates stood at X%. At the same time, Israel (X%) and Turkey (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. Oman and Iran experienced a relatively flat trend pattern. By contrast, Jordan (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Israel (X p.p.), Kuwait (X p.p.), Oman (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Iran (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest air or gas liquefier supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In the United Arab Emirates, air or gas liquefier exports 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 Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X,150 per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Imports of Machinery for Liquefying Air or Gases

Imports in the Middle East

Air or gas liquefier imports skyrocketed to X units in 2022, jumping by X% compared with the previous year's figure. Overall, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, air or gas liquefier imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait represented the largest importer of machinery for liquefying air or gases in the Middle East, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%) and Bahrain (X%). The following importers - Iran (X units) and Qatar (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Kuwait ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Qatar, Iraq and Bahrain lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import 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 import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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