Middle East: Shipping Market 2024

Shipping Market Size in the Middle East

The Middle Eastern shipping market reached $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a deep downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Shipping Production in the Middle East

In value terms, shipping production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Shipping Exports

Exports in the Middle East

In 2022, the amount of ships, vessels, ferry-boats for the transport of persons exported in the Middle East shrank rapidly to X units, falling by X% against the year before. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, shipping exports fell significantly to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Turkey was the major exporter of ships, vessels, ferry-boats for the transport of persons in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%). The following exporters - Bahrain (X units), Iran (X units) and Israel (X units) - each accounted for an X% share of total exports.

Turkey was also the fastest-growing in terms of the ships, vessels, ferry-boats for the transport of persons exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, Bahrain (X%), Israel (X%) and Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.), the United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest shipping supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, 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: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X,283 per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, showed significant growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X,911 per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X,135 per unit), while Iran ($X per unit) was amongst the lowest.

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

Shipping Imports

Imports in the Middle East

After two years of growth, overseas purchases of ships, vessels, ferry-boats for the transport of persons decreased by X% to X units in 2022. In general, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, shipping imports plummeted to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Israel represented the largest importer of ships, vessels, ferry-boats for the transport of persons in the Middle East, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), Iran (X units) and Qatar (X units), together making up a X% share of total imports. Iraq (X units), Kuwait (X units) and Oman (X units) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the ships, vessels, ferry-boats for the transport of persons imports, with a CAGR of X% from 2012 to 2022. Qatar (X%), Kuwait (X%), the United Arab Emirates (X%), Iran (X%), Iraq (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported ships, vessels, ferry-boats for the transport of persons in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

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

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X,264 per unit in 2013; however, from 2014 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 Israel ($X,148 per unit), while Iraq ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :