Middle East: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in the Middle East

The Middle Eastern market for reel fed offset printing machinery dropped to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Reel Fed Offset Printing Machinery in the Middle East

In value terms, reel fed offset printing machinery production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports in the Middle East

In 2022, shipments abroad of reel fed offset printing machinery decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, reel fed offset printing machinery exports expanded markedly to $X in 2022. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports. Oman (X units) held a minor share of total exports.

Turkey was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest reel fed offset printing machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 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 Oman ($X per unit), while the United Arab Emirates ($X per unit) 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 export price figures.

Imports of Reel Fed Offset Printing Machinery

Imports in the Middle East

In 2022, approx. X units of reel fed offset printing machinery were imported in the Middle East; waning by X% compared with the year before. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports dropped rapidly to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Qatar represented the major importing country with an import of around X units, which resulted at X% of total imports. Israel (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%), Bahrain (X%) and Iran (X%). Oman (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to reel fed offset printing machinery imports into Qatar stood at X%. At the same time, Israel (X%), Bahrain (X%) and Iran (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.), Israel (X p.p.), Bahrain (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kuwait (X p.p.), the United Arab Emirates (X p.p.) and Oman (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Iran ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 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 Iran ($X per unit), while Bahrain ($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 more modest paces of growth.

Source: IndexBox Platform

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