Middle East: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in the Middle East

The Middle Eastern pumps for liquids market dropped slightly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Pumps For Liquids Production in the Middle East

In value terms, pumps for liquids production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Pumps For Liquids Exports

Exports in the Middle East

For the fifth year in a row, the Middle East recorded growth in overseas shipments of pumps for liquids, which increased by X% to X units in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, pumps for liquids exports soared to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey was the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by the United Arab Emirates (X units), making up a 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 pumps for liquids exports from Turkey stood at X%. At the same time, Oman (X%) and the United Arab Emirates (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. From 2012 to 2022, the share of Turkey and Oman increased by X and X percentage points, respectively.

In value terms, the largest pumps for liquids supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Pumps For Liquids Imports

Imports in the Middle East

Pumps for liquids imports reached X units in 2022, increasing by X% against 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, pumps for liquids imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iraq (X units) and Turkey (X units) represented the main importers of pumps for liquids in 2022, recording approx. X% and X% of total imports, respectively. It was distantly followed by Iran (X units), making up a X% share of total imports. The United Arab Emirates (X units), Saudi Arabia (X units), Israel (X units) and Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw 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, shrinking by X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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