MENA: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in MENA

In 2021, the MENA's market for electric generating sets and rotary converters decreased by X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Electric Generating Sets And Rotary Converters in MENA

In value terms, production of electric generating sets and rotary converters fell to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports in MENA

In 2021, overseas shipments of electric generating sets and rotary converters were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly X% of total exports in 2021. It was distantly followed by Lebanon (X units), Israel (X units) and Saudi Arabia (X units), together mixing up a X% share of total exports. Jordan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest electric generating set and rotary converter supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Lebanon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, dropping by X% against the previous year. Overall, 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%. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Imports of Electric Generating Sets And Rotary Converters

Imports in MENA

In 2021, purchases abroad of electric generating sets and rotary converters decreased by X% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters declined remarkably to $X in 2021. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the four major importers of electric generating sets and rotary converters, namely the United Arab Emirates, Turkey, Egypt and Iraq, represented more than two-thirds of total import. It was distantly followed by Algeria (X units), achieving a X% share of total imports. Libya (X units), Israel (X units), Djibouti (X units), Qatar (X units), Yemen (X units), Kuwait (X units) and Oman (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported electric generating sets and rotary converters in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, imports of electric generating sets and rotary converters expanded at an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for electric generating sets and rotary converters decreased by X% against 2016 indices. The growth pace was the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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