MENA: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in MENA

In 2022, the MENA's vapour power unit market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Vapour Power Unit Production in MENA

In value terms, vapour power unit production totaled $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Vapour Power Unit Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in shipments abroad of condensers for steam or other vapour power units, when their volume decreased by X% to X tons. Over the period under review, exports saw a slight downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, vapour power unit exports plummeted to $X in 2022. In general, exports showed a mild contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports. Oman (X tons), Israel (X tons) and Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of condensers for steam or other vapour power units. At the same time, Oman (X%), Israel (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.), Israel (X p.p.) and Bahrain (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, the United Arab Emirates ($X) remains the largest vapour power unit supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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 Israel ($X per ton), while Bahrain ($X per ton) 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 more modest paces of growth.

Vapour Power Unit Imports

Imports in MENA

In 2022, supplies from abroad of condensers for steam or other vapour power units decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, vapour power unit imports reduced to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Iraq (X tons) represented roughly X% of total imports in 2022. Turkey (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%). The following importers - Oman (X tons) and Iran (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vapour power unit importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), together comprising X% of total imports.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MENA amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Oman ($X per ton), while Morocco ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform