Middle East's Belt Type Continuous-Action Elevators and Conveyors Market to Grow at a CAGR of +0.5% from 2024 to 2035 - News and Statistics - IndexBox

Apr 02, 2025

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IndexBox has just published a new report: Middle East - Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials - Market Analysis, Forecast, Size, Trends And Insights.

Driven by rising demand, the Middle East market for belt type continuous-action elevators and conveyors is expected to see steady growth in both volume and value over the next decade. With a projected CAGR of +0.5% in volume and +1.8% in value from 2024 to 2035, the market is set to reach 66K units and $1.4B respectively by the end of the forecast period.

Driven by increasing demand for belt type continuous-action elevators and conveyors for goods or materials in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 66K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2024 to 2035, which is projected to bring the market value to $1.4B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of belt type continuous-action elevators and conveyors for goods or materials decreased by -0.2% to 62K units, falling for the second consecutive year after six years of growth. Overall, consumption, however, enjoyed a pronounced increase. As a result, consumption reached the peak volume of 105K units. From 2016 to 2024, the growth of the consumption of remained at a somewhat lower figure.

The value of the market for belt type continuous-action elevators and conveyors for goods or materials in the Middle East shrank to $1.2B in 2024, declining by -2.9% 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). Over the period under review, consumption, however, continues to indicate pronounced growth. As a result, consumption reached the peak level of $1.6B. From 2016 to 2024, the growth of the market remained at a somewhat lower figure.

Turkey (47K units) remains the largest belt type continuous-action elevator and conveyor consuming country in the Middle East, comprising approx. 75% of total volume. Moreover, consumption of belt type continuous-action elevators and conveyors for goods or materials in Turkey exceeded the figures recorded by the second-largest consumer, Israel (5.9K units), eightfold. The United Arab Emirates (3K units) ranked third in terms of total consumption with a 4.8% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in Turkey amounted to +3.6%. In the other countries, the average annual rates were as follows: Israel (+3.5% per year) and the United Arab Emirates (+4.5% per year).

In value terms, Turkey ($896M) led the market, alone. The second position in the ranking was held by Israel ($123M). It was followed by the United Arab Emirates.

In Turkey, the market of belt type continuous-action elevators and conveyors for goods or materials expanded at an average annual rate of +5.6% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of market growth: Israel (+5.0% per year) and the United Arab Emirates (+1.9% per year).

The countries with the highest levels of belt type continuous-action elevator and conveyor per capita consumption in 2024 were Israel (599 units per million persons), Turkey (541 units per million persons) and Lebanon (347 units per million persons).

From 2013 to 2024, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +3.5%), while materials for the other leaders experienced more modest paces of growth.

In 2024, production of belt type continuous-action elevators and conveyors for goods or materials in the Middle East expanded modestly to 54K units, increasing by 1.8% against the previous year's figure. The total production indicated a measured expansion from 2013 to 2024: its volume increased at an average annual rate of +3.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30%. The volume of production peaked at 57K units in 2020; however, from 2021 to 2024, production failed to regain momentum.

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials shrank to $1.1B in 2024 estimated in export price. In general, production continues to indicate buoyant growth. The growth pace was the most rapid in 2021 when the production volume increased by 55%. As a result, production reached the peak level of $1.1B; afterwards, it flattened through to 2024.

The country with the largest volume of production of belt type continuous-action elevators and conveyors for goods or materials was Turkey (45K units), comprising approx. 83% of total volume. Moreover, production of belt type continuous-action elevators and conveyors for goods or materials in Turkey exceeded the figures recorded by the second-largest producer, Israel (4.9K units), ninefold. Lebanon (2.5K units) ranked third in terms of total production with a 4.6% share.

From 2013 to 2024, the average annual growth rate of volume in Turkey totaled +3.6%. In the other countries, the average annual rates were as follows: Israel (+2.6% per year) and Lebanon (+1.0% per year).

For the third consecutive year, the Middle East recorded decline in supplies from abroad of belt type continuous-action elevators and conveyors for goods or materials, which decreased by -13.3% to 12K units in 2024. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 439% against the previous year. As a result, imports attained the peak of 71K units. From 2016 to 2024, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials declined notably to $148M in 2024. Over the period under review, imports showed a pronounced slump. The most prominent rate of growth was recorded in 2023 with an increase of 11%. The level of import peaked at $193M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

Turkey represented the main importer of belt type continuous-action elevators and conveyors for goods or materials in the Middle East, with the volume of imports accounting for 4.9K units, which was near 41% of total imports in 2024. Saudi Arabia (2.4K units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (13%), Israel (8%) and Iraq (5.2%). The following importers - Jordan (447 units) and Kuwait (393 units) - together made up 7.1% of total imports.

Imports into Turkey increased at an average annual rate of +7.6% from 2013 to 2024. At the same time, Israel (+10.9%), Jordan (+10.5%), Iraq (+9.2%), Kuwait (+6.0%), the United Arab Emirates (+2.5%) and Saudi Arabia (+1.0%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +10.9% from 2013-2024. Turkey (+24 p.p.), Israel (+5.7 p.p.), the United Arab Emirates (+4 p.p.), Saudi Arabia (+3.7 p.p.), Iraq (+3.4 p.p.), Jordan (+2.6 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($64M) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in the Middle East, comprising 43% of total imports. The second position in the ranking was taken by Saudi Arabia ($29M), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

In Turkey, imports of belt type continuous-action elevators and conveyors for goods or materials increased at an average annual rate of +3.2% over the period from 2013-2024. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-5.8% per year) and the United Arab Emirates (-3.4% per year).

In 2024, the import price in the Middle East amounted to $12 thousand per unit, falling by -8.3% against the previous year. In general, the import price continues to indicate a mild contraction. The growth pace was the most rapid in 2016 an increase of 566%. As a result, import price reached the peak level of $17 thousand per unit. From 2017 to 2024, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Iraq ($21 thousand per unit), while Israel ($6.2 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Kuwait (-3.8%), while the other leaders experienced a decline in the import price figures.

In 2024, approx. 3.8K units of belt type continuous-action elevators and conveyors for goods or materials were exported in the Middle East; which is down by -16.2% compared with the previous year's figure. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2023 with an increase of 48%. As a result, the exports reached the peak of 4.5K units, and then shrank rapidly in the following year.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials shrank significantly to $68M in 2024. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. The level of export peaked at $87M in 2023, and then shrank notably in the following year.

Turkey dominates materials structure, finishing at 3.1K units, which was near 83% of total exports in 2024. Lebanon (298 units) took the second position in the ranking, followed by the United Arab Emirates (198 units). All these countries together held approx. 13% share of total exports. Saudi Arabia (65 units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +8.5% from 2013 to 2024. At the same time, Saudi Arabia (+32.3%) and the United Arab Emirates (+20.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +32.3% from 2013-2024. By contrast, Lebanon (-4.4%) illustrated a downward trend over the same period. From 2013 to 2024, the share of Turkey, the United Arab Emirates and Saudi Arabia increased by +15, +3.9 and +1.6 percentage points, respectively.

In value terms, Turkey ($61M) remains the largest belt type continuous-action elevator and conveyor supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was held by Lebanon ($4.8M), with a 7.1% share of total exports. It was followed by the United Arab Emirates, with a 0.9% share.

In Turkey, exports of belt type continuous-action elevators and conveyors for goods or materials increased at an average annual rate of +11.0% over the period from 2013-2024. The remaining exporting countries recorded the following average annual rates of exports growth: Lebanon (-4.4% per year) and the United Arab Emirates (-1.3% per year).

The export price in the Middle East stood at $18 thousand per unit in 2024, with a decrease of -6% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2022 an increase of 16%. As a result, the export price attained the peak level of $21 thousand per unit. From 2023 to 2024, the export prices remained at a somewhat lower figure.

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 Turkey ($20 thousand per unit), while Saudi Arabia ($2.6 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Turkey (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for belt type continuous-action elevator and conveyor in the Middle East. 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.

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The Latest Trends and Insights into The Industry

The Largest Importers on The Market and How They Succeed

The Largest Exporters on The Market and How They Succeed

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