Middle East: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in the Middle East

The Middle Eastern milling industry machinery market totaled $X in 2023, remaining relatively unchanged against the previous year. Overall, consumption, however, continues to indicate a measured expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Milling Industry Machinery Production in the Middle East

In value terms, milling industry machinery production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Milling Industry Machinery Exports

Exports in the Middle East

In 2023, shipments abroad of milling industry machinery decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, showed perceptible growth. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2022, and then declined significantly in the following year.

In value terms, milling industry machinery exports reduced to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell in the following year.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports.

Turkey was also the fastest-growing in terms of the milling industry machinery exports, with a CAGR of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, saw a noticeable descent. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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 stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Milling Industry Machinery Imports

Imports in the Middle East

In 2023, after three years of growth, there was significant decline in purchases abroad of milling industry machinery, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2022, and then shrank remarkably in the following year.

In value terms, milling industry machinery imports reduced notably to $X in 2023. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Yemen (X units) and the United Arab Emirates (X units) were the largest importers of milling industry machinery in the Middle East, together committing X% of total imports. Iraq (X units) took the next position in the ranking, followed by Iran (X units). All these countries together took approx. X% share of total imports. Israel (X units), Kuwait (X units) and Jordan (X units) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Yemen (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Iraq totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Yemen (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, standing approx. at the previous year. Overall, the import price faced a deep slump. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform