Middle East: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in the Middle East

In 2022, the Middle Eastern agricultural forestry machinery market was finally on the rise to reach $X after four years of decline. Overall, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Agricultural Forestry Machinery Production in the Middle East

In value terms, agricultural forestry machinery production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports in the Middle East

In 2022, agricultural forestry machinery exports in the Middle East surged to X units, rising by X% compared with 2021 figures. In general, exports posted a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, agricultural forestry machinery exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Turkey (X units) was the key exporter of agricultural forestry machinery (lawn or sportsground rollers), achieving X% of total exports. Iran (X units) ranks second in terms of the total exports with a X% share, followed by Israel (X%) and the United Arab Emirates (X%). Lebanon (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural forestry machinery exports from Turkey stood at X%. At the same time, Iran (X%), the United Arab Emirates (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, agricultural forestry machinery exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a perceptible decrease. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports in the Middle East

In 2022, agricultural forestry machinery imports in the Middle East dropped rapidly to X units, shrinking by X% compared with 2021 figures. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, agricultural forestry machinery imports soared to $X in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Israel (X units), the United Arab Emirates (X units) and Iraq (X units) represented roughly X% of total imports in 2022. Kuwait (X units) ranks next in terms of the total imports with an X% share, followed by Turkey (X%). The following importers - Qatar (X units), Lebanon (X units), Jordan (X units) and Yemen (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Qatar, Kuwait, Iraq, Jordan, Lebanon and Yemen lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price recorded a pronounced increase. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Qatar ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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