MENA's Automatic Gravimetric Filling Machines Market to Witness Steady Growth with 1.6% CAGR - News and Statistics - IndexBox
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IndexBox has just published a new report: MENA - Automatic Gravimetric Filling Machines - Market Analysis, Forecast, Size, Trends And Insights.
Driven by increasing demand, the MENA market for automatic gravimetric filling machines is set to experience significant growth in the coming years. With an anticipated CAGR of +1.6% for volume and +1.3% for value, the market is poised to expand and reach new heights by 2035.
Driven by increasing demand for automatic gravimetric filling machines in MENA, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.6% for the period from 2024 to 2035, which is projected to bring the market volume to 29K units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.3% for the period from 2024 to 2035, which is projected to bring the market value to $209M (in nominal wholesale prices) by the end of 2035.
After two years of growth, consumption of automatic gravimetric filling machines decreased by -0.6% to 24K units in 2024. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak volume of 54K units. From 2015 to 2024, the growth of the consumption failed to regain momentum.
The revenue of the gravimetric filling machine market in MENA contracted slightly to $180M in 2024, waning by -3.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 6.8% against the previous year. The level of consumption peaked at $187M in 2023, and then fell modestly in the following year.
The countries with the highest volumes of consumption in 2024 were Turkey (7.5K units), Iran (5.9K units) and Saudi Arabia (5.7K units), with a combined 78% share of total consumption. Qatar, Oman, Israel and the United Arab Emirates lagged somewhat behind, together comprising a further 16%.
From 2013 to 2024, the biggest increases were recorded for Qatar (with a CAGR of +33.3%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Iran ($79M), Saudi Arabia ($51M) and Turkey ($18M) appeared to be the countries with the highest levels of market value in 2024, together comprising 82% of the total market. Israel, Oman, the United Arab Emirates and Qatar lagged somewhat behind, together accounting for a further 12%.
Oman, with a CAGR of +3.2%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
In 2024, the highest levels of gravimetric filling machine per capita consumption was registered in Qatar (638 units per million persons), followed by Saudi Arabia (156 units per million persons), Oman (139 units per million persons) and Turkey (86 units per million persons), while the world average per capita consumption of gravimetric filling machine was estimated at 42 units per million persons.
In Qatar, gravimetric filling machine per capita consumption increased at an average annual rate of +30.0% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Saudi Arabia (+0.1% per year) and Oman (-0.2% per year).
In 2024, production of automatic gravimetric filling machines was finally on the rise to reach 20K units after three years of decline. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 93% against the previous year. As a result, production attained the peak volume of 37K units. From 2021 to 2024, production growth remained at a lower figure.
In value terms, gravimetric filling machine production contracted modestly to $164M in 2024 estimated in export price. Over the period under review, production continues to indicate a mild increase. The growth pace was the most rapid in 2020 when the production volume increased by 94%. As a result, production attained the peak level of $310M. From 2021 to 2024, production growth failed to regain momentum.
The countries with the highest volumes of production in 2024 were Turkey (7.7K units), Iran (5.9K units) and Saudi Arabia (5.5K units), together accounting for 93% of total production. Israel and Oman lagged somewhat behind, together comprising a further 7%.
From 2013 to 2024, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Oman (with a CAGR of +3.0%), while production for the other leaders experienced more modest paces of growth.
After two years of growth, purchases abroad of automatic gravimetric filling machines decreased by -0.3% to 5.2K units in 2024. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 667% against the previous year. As a result, imports reached the peak of 37K units. From 2015 to 2024, the growth of imports failed to regain momentum.
In value terms, gravimetric filling machine imports skyrocketed to $49M in 2024. Over the period under review, imports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2023 with an increase of 85%. The level of import peaked in 2024 and is expected to retain growth in the immediate term.
In 2024, Qatar (2K units) was the key importer of automatic gravimetric filling machines, comprising 38% of total imports. Turkey (850 units) ranks second in terms of the total imports with a 16% share, followed by the United Arab Emirates (10%), Saudi Arabia (5.2%), Bahrain (4.8%) and Yemen (4.8%). Egypt (217 units), Iraq (166 units), Kuwait (161 units) and Algeria (150 units) held a relatively small share of total imports.
Qatar was also the fastest-growing in terms of the automatic gravimetric filling machines imports, with a CAGR of +33.3% from 2013 to 2024. At the same time, Yemen (+28.4%), Bahrain (+11.7%), Saudi Arabia (+8.7%), the United Arab Emirates (+5.1%) and Turkey (+2.5%) displayed positive paces of growth. By contrast, Iraq (-3.8%), Kuwait (-5.0%), Algeria (-7.6%) and Egypt (-16.6%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Qatar, Yemen, the United Arab Emirates, Bahrain, Saudi Arabia and Turkey increased by +36, +4.5, +3.6, +3.2, +2.9 and +2.6 percentage points, respectively.
In value terms, Turkey ($14M), Saudi Arabia ($8.5M) and Egypt ($5.7M) constituted the countries with the highest levels of imports in 2024, with a combined 58% share of total imports. The United Arab Emirates, Iraq, Algeria, Yemen, Kuwait, Qatar and Bahrain lagged somewhat behind, together comprising a further 16%.
Yemen, with a CAGR of +36.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
In 2024, the import price in MENA amounted to $9.5 thousand per unit, picking up by 22% against the previous year. In general, the import price posted a moderate increase. The pace of growth was the most pronounced in 2015 when the import price increased by 623%. The level of import peaked at $12 thousand per unit in 2016; however, from 2017 to 2024, 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 Saudi Arabia ($31 thousand per unit), while Qatar ($92 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Egypt (+25.5%), while the other leaders experienced more modest paces of growth.
In 2024, overseas shipments of automatic gravimetric filling machines were finally on the rise to reach 1.3K units for the first time since 2020, thus ending a three-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 1,787%. As a result, the exports reached the peak of 18K units. From 2021 to 2024, the growth of the exports failed to regain momentum.
In value terms, gravimetric filling machine exports soared to $4.4M in 2024. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 183%. Over the period under review, the exports attained the maximum in 2024 and are likely to see steady growth in the near future.
Turkey represented the key exporter of automatic gravimetric filling machines in MENA, with the volume of exports resulting at 1.1K units, which was approx. 83% of total exports in 2024. It was distantly followed by Israel (140 units), committing an 11% share of total exports.
From 2013 to 2024, average annual rates of growth with regard to gravimetric filling machine exports from Turkey stood at -1.2%. At the same time, Israel (+16.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +16.7% from 2013-2024. Israel (+11 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -11% from 2013 to 2024, respectively.
In value terms, the largest gravimetric filling machine supplying countries in MENA were Turkey ($2.3M) and Israel ($1.5M).
Among the main exporting countries, Israel, with a CAGR of +36.4%, recorded the highest growth rate of the value of exports, over the period under review.
In 2024, the export price in MENA amounted to $3.4 thousand per unit, falling by -45.6% against the previous year. Overall, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 when the export price increased by 1,606% against the previous year. The level of export peaked at $6.2 thousand per unit in 2023, and then plummeted in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Israel ($11 thousand per unit), while Turkey amounted to $2.2 thousand per unit.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Israel (+17.0%).
Source: IndexBox Market Intelligence Platform
This report provides an in-depth analysis of the gravimetric filling machine market in MENA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Export
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
