Middle East: Market for Reel Fed Letterpress Printing Machinery 2024

Market Size for Reel Fed Letterpress Printing Machinery in the Middle East

The Middle Eastern market for reel fed letterpress printing machinery fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Reel Fed Letterpress Printing Machinery in the Middle East

In value terms, reel fed letterpress printing machinery production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Exports of Reel Fed Letterpress Printing Machinery

Exports in the Middle East

In 2022, overseas shipments of reel fed letterpress printing machinery decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, reel fed letterpress printing machinery exports shrank markedly to $X in 2022. Over the period under review, exports recorded a slight curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X units) and the United Arab Emirates (X units) dominates exports structure, together mixing up X% of total exports. The following exporters - Lebanon (X units) and Turkey (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

In the United Arab Emirates, reel fed letterpress printing machinery exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, rising by X% against the previous year. Overall, the export price recorded a prominent expansion. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Turkey ($X per unit), while Oman ($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 more modest paces of growth.

Imports of Reel Fed Letterpress Printing Machinery

Imports in the Middle East

Reel fed letterpress printing machinery imports declined remarkably to X units in 2022, waning by X% compared with 2021 figures. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, reel fed letterpress printing machinery imports reduced dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kuwait (X units) was the major importer of reel fed letterpress printing machinery, committing X% of total imports. It was distantly followed by the United Arab Emirates (X units), Bahrain (X units), Israel (X units), Iran (X units) and Turkey (X units), together generating a X% share of total imports. The following importers - Jordan (X units), Iraq (X units), Lebanon (X units) and Syrian Arab Republic (X units) - each amounted to a X% share of total imports.

Imports into Kuwait decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Israel (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%), Lebanon (X%), Iran (X%), Iraq (X%), Jordan (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Bahrain and Israel increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest reel fed letterpress printing machinery importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main importing countries, Israel, with a CAGR of X%, recorded the highest growth rate of 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 2022, picking up by X% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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