Middle East: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in the Middle East

The Middle Eastern market for parts of harvester and threshers reduced to $X in 2021, which is down by -11.5% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in the Middle East

In value terms, parts of harvester and threshers production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in the Middle East

In 2021, exports of parts of harvester and threshers in the Middle East skyrocketed to X units, picking up by 34% against 2020 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports soared to $X in 2021. Total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 70%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the largest exporter of parts of harvester and threshers in the Middle East, with the volume of exports resulting at X units, which was near 75% of total exports in 2021. It was distantly followed by Israel (X units), making up a 22% share of total exports. The United Arab Emirates (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to parts of harvester and threshers exports from Turkey stood at +3.6%. At the same time, the United Arab Emirates (+35.8%) 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 +35.8% from 2012-2021. By contrast, Israel (-2.9%) illustrated a downward trend over the same period. While the share of Turkey (+10 p.p.) and the United Arab Emirates (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Israel (-12.4 p.p.) displayed negative dynamics.

In value terms, the largest parts of harvester and threshers supplying countries in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 99% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, reducing by -5.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 40% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in the Middle East

In 2021, the amount of parts of harvester and threshers imported in the Middle East rose significantly to X units, with an increase of 7.6% compared with the year before. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers imports expanded modestly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 37%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey represented the major importing country with an import of around X units, which amounted to 33% of total imports. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Saudi Arabia (X units), Iran (X units), Iraq (X units), Syrian Arab Republic (X units) and Israel (X units). All these countries together took near 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Syrian Arab Republic (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and Iraq ($X) were the countries with the highest levels of imports in 2021, together accounting for 74% of total imports.

In terms of the main importing countries, Iraq, with a CAGR of +18.2%, saw the highest rates of growth with regard to the value of imports, 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 2021, dropping by -2.7% against the previous year. In general, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 25% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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