Middle East: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in the Middle East

The Middle Eastern industrial bakery machinery market rose slightly to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Production in the Middle East

In value terms, industrial bakery machinery production rose markedly to $X in 2023 estimated in export price. Overall, production posted a mild increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports in the Middle East

In 2023, approx. X units of industrial bakery machinery were exported in the Middle East; increasing by X% on the year before. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, industrial bakery machinery exports skyrocketed to $X in 2023. Total exports indicated a resilient 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Turkey was the major exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Lebanon (X units), achieving a X% share of total exports. Iran (X units) and 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 industrial bakery machinery exports from Turkey stood at X%. At the same time, the United Arab Emirates (X%) and Lebanon (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. By contrast, Iran (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Lebanon and Iran 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 ($X) remains the largest industrial bakery machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Lebanon ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, industrial bakery machinery exports expanded 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: Lebanon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the United Arab Emirates ($X per unit), while Lebanon ($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 mixed trends in the export price figures.

Industrial Bakery Machinery Imports

Imports in the Middle East

In 2023, supplies from abroad of industrial bakery machinery decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, industrial bakery machinery imports soared to $X in 2023. In general, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Qatar represented the main importer of industrial bakery machinery in the Middle East, with the volume of imports recording X units, which was near X% of total imports in 2023. It was distantly followed by Turkey (X units), the United Arab Emirates (X units), Iraq (X units) and Israel (X units), together comprising a X% share of total imports. Iran (X units), Jordan (X units) and Lebanon (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the industrial bakery machinery imports, with a CAGR of X% from 2012 to 2023. At the same time, Iraq (X%), Jordan (X%), Israel (X%) and Lebanon (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%), Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. Qatar (X p.p.) and Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Israel, Iran, the United Arab Emirates and Turkey saw its share reduced by X%, X%, 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 ($X) constitutes the largest market for imported industrial bakery machinery in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

The import price in the Middle East stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, 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 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 Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform