MENA: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in MENA

The MENA's market for belt type continuous-action elevators and conveyors for goods or materials rose notably to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, enjoyed a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in MENA

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials rose sharply to $X in 2023 estimated in export price. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production of growth failed to regain momentum.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports in MENA

In 2023, overseas shipments of belt type continuous-action elevators and conveyors for goods or materials increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in the near future.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials surged to $X in 2023. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates materials structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), making up a X% share of total exports. The following exporters - Lebanon (X units), Tunisia (X units) and Morocco (X units) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Tunisia (X%) and Morocco (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Lebanon (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Lebanon saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest belt type continuous-action elevator and conveyor supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In Turkey, exports of belt type continuous-action elevators and conveyors for goods or materials increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in MENA

In 2023, purchases abroad of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials surged to $X in 2023. In general, imports showed a mild downturn. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

Turkey represented the major importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Egypt (X units) and the United Arab Emirates (X units), together achieving a X% share of total imports. Tunisia (X units), Iraq (X units), Libya (X units), Algeria (X units), Kuwait (X units), Oman (X units) and Jordan (X units) held a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%), Libya (X%), Tunisia (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%), Egypt (X%), the United Arab Emirates (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Iraq (X p.p.), Tunisia (X p.p.) and Libya (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Algeria (X p.p.), the United Arab Emirates (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in MENA, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, imports of belt type continuous-action elevators and conveyors for goods or materials increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, rising by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for belt type continuous-action elevators and conveyors for goods or materials increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2023, 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