Middle East: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in the Middle East

The Middle Eastern hide repairing machinery market declined remarkably to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption recorded a pronounced decline. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Hide Repairing Machinery Production in the Middle East

In value terms, hide repairing machinery production expanded to $X in 2023 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Hide Repairing Machinery Exports

Exports in the Middle East

In 2023, after two years of decline, there was significant growth in shipments abroad of machinery for making or repairing articles of hides, skins or leather, when their volume increased by X% to X units. Over the period under review, exports recorded a remarkable increase. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, hide repairing machinery exports skyrocketed to $X in 2023. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2013 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

Turkey was the main exporter of machinery for making or repairing articles of hides, skins or leather in the Middle East, with the volume of exports resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Israel (X units), the United Arab Emirates (X units) and Bahrain (X units), together committing a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to hide repairing machinery exports from Turkey stood at X%. At the same time, Israel (X%), the United Arab Emirates (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Israel increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per unit, waning by X% against the previous year. Overall, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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

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

Hide Repairing Machinery Imports

Imports in the Middle East

In 2023, supplies from abroad of machinery for making or repairing articles of hides, skins or leather increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, hide repairing machinery imports skyrocketed to $X in 2023. In general, imports saw tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Turkey was the key importer of machinery for making or repairing articles of hides, skins or leather in the Middle East, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. Syrian Arab Republic (X units) held the second position in the ranking, distantly followed by the United Arab Emirates (X units), Israel (X units) and Jordan (X units). All these countries together held near X% share of total imports. Bahrain (X units) and Iran (X units) took a minor share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Syrian Arab Republic (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%), Jordan (X%) and Iran (X%) illustrated a downward trend over the same period. Syrian Arab Republic (X p.p.), Turkey (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Iran, Jordan and the United Arab Emirates saw its share reduced by 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 ($X) constitutes the largest market for imported machinery for making or repairing articles of hides, skins or leather in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an 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 totaled X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, with an increase of 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 2019 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per unit), while Jordan ($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 more modest paces of growth.

Source: IndexBox Platform