MENA: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in MENA

The MENA's electric rotary converter market dropped dramatically to $X in 2021, shrinking by -69.2% against the previous year. Overall, consumption, however, saw a precipitous shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Rotary Converter Production in MENA

In value terms, electric rotary converter production fell significantly to $X in 2021 estimated in export price. In general, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 101% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Electric Rotary Converter Exports

Exports in MENA

In 2021, exports of electric rotary converters in MENA surged to X units, increasing by 128% against the year before. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 187%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electric rotary converter exports surged to $X in 2021. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Israel (X units) was the major exporter of electric rotary converters, committing 57% of total exports. Egypt (X units) ranks second in terms of the total exports with a 13% share, followed by Saudi Arabia (8.9%), Turkey (8.3%), Palestine (6.4%) and the United Arab Emirates (5%).

From 2012 to 2021, average annual rates of growth with regard to electric rotary converter exports from Israel stood at +25.5%. At the same time, Egypt (+65.8%), Saudi Arabia (+48.4%), Palestine (+35.2%) and Turkey (+8.7%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of +65.8% from 2012-2021. By contrast, the United Arab Emirates (-15.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Israel, Egypt, Saudi Arabia and Palestine increased by +36, +13, +8.2 and +5.2 percentage points, respectively.

In value terms, the largest electric rotary converter supplying countries in MENA were Saudi Arabia ($X), Israel ($X) and Palestine ($X), with a combined 76% share of total exports.

Saudi Arabia, with a CAGR of +58.3%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, with an increase of 22% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Electric Rotary Converter Imports

Imports in MENA

Electric rotary converter imports surged to X units in 2021, rising by 22% compared with the previous year. In general, imports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2017 when imports increased by 751%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric rotary converter imports declined to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 377%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Iran represented the largest importer of electric rotary converters in MENA, with the volume of imports reaching X units, which was approx. 42% of total imports in 2021. The United Arab Emirates (X units) took the second position in the ranking, followed by Qatar (X units), Morocco (X units) and Yemen (X units). All these countries together held near 42% share of total imports. Kuwait (X units) and Oman (X units) took a minor share of total imports.

Imports into Iran increased at an average annual rate of +13.0% from 2012 to 2021. At the same time, Morocco (+31.0%), Kuwait (+27.3%) and Yemen (+16.3%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +31.0% from 2012-2021. By contrast, the United Arab Emirates (-2.9%), Oman (-14.8%) and Qatar (-15.0%) illustrated a downward trend over the same period. While the share of Iran (+32 p.p.), Morocco (+7.9 p.p.), Yemen (+4.4 p.p.), Kuwait (+3.8 p.p.) and the United Arab Emirates (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-5.9 p.p.) and Qatar (-25.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric rotary converters in MENA, comprising 12% of total imports. The second position in the ranking was taken by Iran ($X), with a 4.6% share of total imports. It was followed by Kuwait, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (-0.9% per year) and Kuwait (+35.7% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, which is down by -27.9% against the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2014 when the import price increased by 269%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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