Middle East: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in the Middle East

The Middle Eastern feedstuff preparing machinery market reduced to $X in 2022, waning by X% against the previous year. In general, consumption, however, saw a measured expansion. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Feedstuff Preparing Machinery Production in the Middle East

In value terms, feedstuff preparing machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Feedstuff Preparing Machinery Exports

Exports in the Middle East

In 2022, the amount of machinery for preparing animal feedstuffs exported in the Middle East surged to X units, with an increase of X% compared with 2021 figures. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, feedstuff preparing machinery exports soared to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey represented the key exporting country with an export of about X units, which recorded X% of total exports. It was distantly followed by Israel (X units), generating a X% share of total exports.

Turkey was also the fastest-growing in terms of the machinery for preparing animal feedstuffs exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest feedstuff preparing machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price recorded a noticeable decline. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Feedstuff Preparing Machinery Imports

Imports in the Middle East

In 2022, imports of machinery for preparing animal feedstuffs in the Middle East surged to X units, rising by X% on 2021 figures. Overall, imports posted notable growth. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, feedstuff preparing machinery imports skyrocketed to $X in 2022. Total imports indicated a temperate expansion 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. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Turkey (X units), Iraq (X units), Lebanon (X units), Iran (X units), Qatar (X units), Oman (X units) and the United Arab Emirates (X units) represented the largest importer of machinery for preparing animal feedstuffs in the Middle East, constituting X% of total import.

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

In value terms, Turkey ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, feedstuff preparing 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: Iraq (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, with a decrease of X% against the previous year. Overall, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while Qatar ($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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :