MENA: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in MENA

The MENA's feedstuff preparing machinery market rose remarkably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption posted prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Feedstuff Preparing Machinery Production in MENA

In value terms, feedstuff preparing machinery production amounted to $X in 2023 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Feedstuff Preparing Machinery Exports

Exports in MENA

In 2023, the amount of machinery for preparing animal feedstuffs exported in MENA dropped remarkably to X units, which is down by X% compared with the previous year. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2022, and then reduced rapidly in the following year.

In value terms, feedstuff preparing machinery exports shrank modestly to $X in 2023. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced slightly in the following year.

Exports by Country

Turkey was the major exporter of machinery for preparing animal feedstuffs in MENA, with the volume of exports amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Israel (X units), creating a X% share of total exports. Tunisia (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Tunisia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Turkey (X p.p.) and Tunisia (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest feedstuff preparing machinery supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Feedstuff Preparing Machinery Imports

Imports in MENA

In 2023, imports of machinery for preparing animal feedstuffs in MENA reduced to X units, dropping by X% against the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, feedstuff preparing machinery imports expanded remarkably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Turkey (X units), Algeria (X units), Libya (X units), Iraq (X units), Morocco (X units), Iran (X units), Egypt (X units), Oman (X units) and the United Arab Emirates (X units) represented the key importer of machinery for preparing animal feedstuffs in MENA, committing X% of total import.

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 ($X) constitutes the largest market for imported machinery for preparing animal feedstuffs in MENA, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by Morocco, with an 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: Algeria (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a 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 Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform