Middle East: Pump For Liquid Market 2024

Pump For Liquid Market Size in the Middle East

The Middle Eastern pump for liquid market expanded significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pump For Liquid Production in the Middle East

In value terms, pump for liquid production expanded sharply to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pump For Liquid Exports

Exports in the Middle East

In 2022, pump for liquid exports in the Middle East amounted to X units, with an increase of X% on the previous year. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pump for liquid exports surged to $X in 2022. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X units) was the largest exporter of pumps for liquids and liquid elevators, creating X% of total exports. It was distantly followed by the United Arab Emirates (X units), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pump for liquid exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) 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 X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. 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 Turkey totaled $X per unit.

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

Pump For Liquid Imports

Imports in the Middle East

In 2022, pump for liquid imports in the Middle East rose to X units, picking up by X% against the previous year's figure. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pump for liquid imports dropped to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Saudi Arabia (X units), committing a X% share of total imports. Iraq (X units), the United Arab Emirates (X units) and Iran (X units) took a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Iraq (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Saudi Arabia and Iraq increased by X and X percentage points, 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 Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Turkey, 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

The import price in the Middle East stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :