Middle East: Compression Type Mould Market 2024

Compression Type Mould Market Size in the Middle East

The Middle Eastern compression type mould market totaled $X in 2023, growing by X% against the previous year. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Compression Type Mould Production in the Middle East

In value terms, compression type mould production expanded remarkably to $X in 2023 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Compression Type Mould Exports

Exports in the Middle East

For the third year in a row, the Middle East recorded growth in overseas shipments of injection or compression type moulds for rubber or plastics, which increased by X% to X units in 2023. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, compression type mould exports skyrocketed to $X in 2023. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports. Iran (X units) held a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest compression type mould supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the export price figures.

Compression Type Mould Imports

Imports in the Middle East

In 2023, approx. X units of injection or compression type moulds for rubber or plastics were imported in the Middle East; growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, compression type mould imports expanded significantly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Turkey (X units) was the largest importer of injection or compression type moulds for rubber or plastics, constituting X% of total imports. It was distantly followed by Iran (X units), the United Arab Emirates (X units) and Israel (X units), together constituting a X% share of total imports. Iraq (X units) and Jordan (X units) took a little share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Iraq (X%), the United Arab Emirates (X%), Jordan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Iraq increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported injection or compression type moulds for rubber or plastics in the Middle East, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

In Turkey, compression type mould imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform