Middle East: Multi-Station Transfer Machine Market 2024

Multi-Station Transfer Machine Market Size in the Middle East

In 2022, the Middle Eastern multi-station transfer machine market increased by X% to $X, rising for the fifth year in a row after three years of decline. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Multi-Station Transfer Machine Production in the Middle East

In value terms, multi-station transfer machine production shrank dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Multi-Station Transfer Machine Exports

Exports in the Middle East

In 2022, shipments abroad of multi-station transfer machines for working metal decreased by X% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, multi-station transfer machine exports contracted remarkably to $X in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of multi-station transfer machines for working metal, constituting X% of total exports. It was distantly followed by Israel (X units), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%).

In value terms, Israel ($X) remains the largest multi-station transfer machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per unit in 2021, and then reduced sharply in the following year.

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 amounted to $X per unit.

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

Multi-Station Transfer Machine Imports

Imports in the Middle East

In 2022, approx. X units of multi-station transfer machines for working metal were imported in the Middle East; reducing by X% compared with the year before. Overall, imports faced a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, multi-station transfer machine imports shrank significantly to $X in 2022. Over the period under review, imports showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait (X units) and Oman (X units) were the key importers of multi-station transfer machines for working metal in 2022, finishing at near X% and X% of total imports, respectively. Turkey (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), Israel (X%), Iran (X%), the United Arab Emirates (X%) and Qatar (X%).

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest multi-station transfer machine importing markets in the Middle East were Turkey ($X), Israel ($X) and Oman ($X), together accounting for X% of total imports. The United Arab Emirates, Kuwait, Iran, Iraq and Qatar lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in the Middle East amounted to $X per unit, surging by X% against the previous year. In general, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, 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 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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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