MENA: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in MENA

The MENA's harvesting machinery market expanded rapidly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Harvesting Machinery Production in MENA

In value terms, harvesting machinery production dropped modestly to $X in 2023 estimated in export price. The total production indicated a mild increase 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, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Harvesting Machinery Exports

Exports in MENA

In 2023, overseas shipments of root or tuber harvesting machines decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, harvesting machinery exports declined notably to $X in 2023. In general, exports showed a noticeable descent. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X units) was the main exporter of root or tuber harvesting machines, comprising X% of total exports. It was distantly followed by Iran (X units), constituting a X% share of total exports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to harvesting machinery exports from Turkey stood at X%. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey and Iran increased by X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest harvesting machinery supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

In Turkey, harvesting machinery exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 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 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the United Arab Emirates ($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 a decline in the export price figures.

Harvesting Machinery Imports

Imports in MENA

In 2023, after two years of decline, there was significant growth in overseas purchases of root or tuber harvesting machines, when their volume increased by X% to X units. Total imports indicated a buoyant expansion from 2012 to 2023: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, harvesting machinery imports surged to $X in 2023. Total imports indicated buoyant growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2023. Egypt (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%). The following importers - Iraq (X units), Algeria (X units), Morocco (X units) and Tunisia (X units) - each finished at an X% share of total imports.

Turkey was also the fastest-growing in terms of the root or tuber harvesting machines imports, with a CAGR of X% from 2012 to 2023. At the same time, Israel (X%), Egypt (X%) and Algeria (X%) displayed positive paces of growth. Tunisia experienced a relatively flat trend pattern. By contrast, Iraq (X%) and Morocco (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq and Morocco saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported root or tuber harvesting machines in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

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 ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform