Middle East: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in the Middle East

In 2022, the Middle Eastern non-electric pulley tackle market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in the Middle East

In value terms, non-electric pulley tackle production dropped modestly to $X in 2022 estimated in export price. Overall, production posted a strong increase. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports in the Middle East

In 2022, exports of pulley tackle and hoists, non-powered by electric motor in the Middle East reduced to X units, waning by X% against 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports expanded rapidly to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of pulley tackle and hoists, non-powered by electric motor, namely the United Arab Emirates, Turkey and Kuwait, represented more than two-thirds of total export. The following exporters - Oman (X units), Jordan (X units) and Bahrain (X units) - together made up X% of total exports.

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

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 the United Arab Emirates ($X per unit), while Kuwait ($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.

Non-Electric Pulley Tackle Imports

Imports in the Middle East

In 2022, non-electric pulley tackle imports in the Middle East expanded significantly to X units, with an increase of X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, non-electric pulley tackle imports amounted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units), Turkey (X units) and Iran (X units) represented the main importer of pulley tackle and hoists, non-powered by electric motor in the Middle East, mixing up X% of total import. Iraq (X units) held the next position in the ranking, followed by Israel (X units), Yemen (X units) and Kuwait (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, 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, the largest non-electric pulley tackle importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together accounting for X% of total imports.

In terms of the main importing countries, Israel, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2021 an increase of X%. 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 Israel ($X per unit), while Yemen ($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 import price figures.

Source: IndexBox Platform