Middle East: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the Middle East

The Middle Eastern market for parts of harvester and threshers soared to $X in 2021, rising by 118% against the previous year. In general, consumption saw a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in the Middle East

In value terms, parts of harvester and threshers production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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Exports of Parts Of Harvester And Threshers

Exports in the Middle East

In 2021, approx. X units of parts of harvester and threshers were exported in the Middle East; picking up by 87% compared with 2020. Over the period under review, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporter of parts of harvester and threshers in the Middle East, with the volume of exports recording X units, which was near 85% of total exports in 2021. It was distantly followed by Israel (X units), making up a 14% share of total exports.

Turkey was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +8.8% from 2012 to 2021. Israel (-3.1%) illustrated a downward trend over the same period. Turkey (+18 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -17.6% from 2012 to 2021, respectively.

In value terms, the largest parts of harvester and threshers supplying countries in the Middle East were Turkey ($X) and Israel ($X).

Turkey, with a CAGR of +9.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, with a decrease of -24.7% against the previous year. Overall, the export price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 57% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.6%).

Imports of Parts Of Harvester And Threshers

Imports in the Middle East

In 2021, supplies from abroad of parts of harvester and threshers increased by 45% to X units, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X units) was the key importer of parts of harvester and threshers, comprising 44% of total imports. Iraq (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Israel (15%), Iran (8%) and the United Arab Emirates (4.8%). Syrian Arab Republic (X units) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of +5.2% from 2012 to 2021. At the same time, Iraq (+18.6%), Syrian Arab Republic (+14.1%), Iran (+2.0%) and the United Arab Emirates (+2.0%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +18.6% from 2012-2021. Israel experienced a relatively flat trend pattern. Iraq (+14 p.p.) and Syrian Arab Republic (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Turkey, Iran and Israel saw its share reduced by -1.9%, -2.3%, -3% and -7.8% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported parts of harvester and threshers in the Middle East, comprising 51% of total imports. The second position in the ranking was held by Israel ($X), with a 21% share of total imports. It was followed by Iraq, with a 12% share.

In Turkey, parts of harvester and threshers imports increased at an average annual rate of +3.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+0.0% per year) and Iraq (+18.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, shrinking by -3% against the previous year. In general, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 40% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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