Middle East: Market for Vacuum Flasks and Vessels 2024

Market Size for Vacuum Flasks and Vessels in the Middle East

The Middle Eastern vacuum flask and vessel market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a perceptible decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Vacuum Flasks and Vessels in the Middle East

In value terms, vacuum flask and vessel production reduced to $X in 2022 estimated in export price. In general, production saw a pronounced reduction. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Vacuum Flasks and Vessels

Exports in the Middle East

In 2022, the amount of vacuum flasks and vessels exported in the Middle East surged to X units, increasing by X% compared with 2021. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum flask and vessel exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the key exporter of vacuum flasks and vessels, achieving X% of total exports. Turkey (X units) took the second position in the ranking, followed by Iran (X units) and Saudi Arabia (X units). All these countries together took near X% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum flask and vessel exports from the United Arab Emirates stood at X%. At the same time, Oman (X%), Turkey (X%), Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.), Turkey (X p.p.), Iran (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest vacuum flask and vessel supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Iran, with a X% share.

In the United Arab Emirates, vacuum flask and vessel exports increased at 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 Iran (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, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Imports of Vacuum Flasks and Vessels

Imports in the Middle East

In 2022, the amount of vacuum flasks and vessels imported in the Middle East dropped to X units, waning by X% against 2021 figures. Overall, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vacuum flask and vessel imports contracted to $X in 2022. In general, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of vacuum flasks and vessels 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 Yemen (X units), Iraq (X units), Turkey (X units), Iran (X units) and Kuwait (X units), together achieving a X% share of total imports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vacuum flask and vessel imports into the United Arab Emirates stood at X%. At the same time, Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Kuwait and Turkey experienced a relatively flat trend pattern. By contrast, Yemen (X%) and Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Kuwait (X p.p.), Israel (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, 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, the largest vacuum flask and vessel importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), with a combined X% share of total imports. Israel, Iran, Iraq and Yemen lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, 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

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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 more modest paces of growth.

Source: IndexBox Platform

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