Middle East: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in the Middle East

The Middle Eastern feedstuff preparing machinery market amounted to $X in 2023, with an increase of X% against the previous year. In general, consumption posted a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Feedstuff Preparing Machinery Production in the Middle East

In value terms, feedstuff preparing machinery production stood at $X in 2023 estimated in export price. Over the period under review, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Feedstuff Preparing Machinery Exports

Exports in the Middle East

In 2023, the amount of machinery for preparing animal feedstuffs exported in the Middle East contracted sharply to X units, waning by X% compared with the previous year's figure. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2022, and then contracted markedly in the following year.

In value terms, feedstuff preparing machinery exports shrank to $X in 2023. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

Turkey represented the key exporter of machinery for preparing animal feedstuffs in the Middle East, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Israel (X units), mixing up a X% share of total exports.

Turkey was also the fastest-growing in terms of the machinery for preparing animal feedstuffs exports, with a CAGR of X% from 2012 to 2023. At the same time, Israel (X%) displayed positive paces of growth. From 2012 to 2023, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest feedstuff preparing machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%).

Feedstuff Preparing Machinery Imports

Imports in the Middle East

Feedstuff preparing machinery imports reduced to X units in 2023, with a decrease of X% on the year before. In general, imports, however, showed a modest expansion. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, feedstuff preparing machinery imports soared to $X in 2023. Total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X units) and Iraq (X units) represented the main importers of machinery for preparing animal feedstuffs in the Middle East, together finishing at approx. X% of total imports. Iran (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%), the United Arab Emirates (X%), Israel (X%) and Jordan (X%).

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iraq ($X), with a X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, feedstuff preparing machinery imports increased 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: Iraq (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, 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 ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform