Middle East: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in the Middle East

The Middle Eastern pneumatic elevator market rose sharply to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pneumatic Elevator Production in the Middle East

In value terms, pneumatic elevator production contracted modestly to $X in 2022 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Pneumatic Elevator Exports

Exports in the Middle East

Pneumatic elevator exports reduced to X units in 2022, waning by X% compared with the year before. Overall, exports, however, enjoyed moderate growth. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic elevator exports contracted to $X in 2022. Total exports indicated temperate growth 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. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the main exporter of pneumatic elevators and conveyors in the Middle East, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Israel (X units), together making up a X% share of total exports. Kuwait (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic elevator exports from Turkey stood at X%. At the same time, Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. While the share of Israel (X p.p.), Kuwait (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, 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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Pneumatic Elevator Imports

Imports in the Middle East

Pneumatic elevator imports fell rapidly to X units in 2022, with a decrease of X% against the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic elevator imports amounted to $X in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of pneumatic elevators and conveyors, achieving X% of total imports. It was distantly followed by Turkey (X units) and Oman (X units), together creating a X% share of total imports. Qatar (X units), Israel (X units), Kuwait (X units) and Iran (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the pneumatic elevators and conveyors imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Kuwait, Israel and Turkey experienced a relatively flat trend pattern. By contrast, Iran (X%) and Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and Qatar saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, faced a abrupt slump. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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