Market Forecast
The Middle East’s agricultural and forestry tractors market is set to maintain a moderate growth trajectory over the next decade, fueled by rising demand. The market is expected to follow an upward consumption trend, with a projected compound annual growth rate (CAGR) of +0.5% from 2024 to 2035. By 2035, the market volume is anticipated to reach 169,000 units. In value terms, the market is forecast to grow at a CAGR of +1.5% during the same period, reaching a market value of $3.9 billion (in nominal wholesale prices) by 2035.
Consumption Trends
In 2024, the consumption of agricultural and forestry tractors in the Middle East rose by 0.3% to 160,000 units, marking the third consecutive year of growth following a two-year decline. Over the past eleven years (2013–2024), consumption increased at an average annual rate of +1.2%, despite some fluctuations. Compared to 2021 levels, consumption in 2024 was up by 21.8%, reaching a record high. This upward trend is expected to continue in the coming years.
In value terms, the market size for agricultural and forestry tractors in the Middle East remained relatively stable, contracting slightly to $3.3 billion in 2024, nearly matching the previous year’s figure. This value represents the total revenues of producers and importers, excluding logistics costs, retail marketing expenses, and retailer margins. Overall, consumption has exhibited a relatively flat trend, peaking at $3.3 billion in 2023 before experiencing a modest decline in 2024.
Consumption by Country
Turkey remains the largest consumer of agricultural and forestry tractors in the Middle East, accounting for 49% of total volume with 79,000 units in 2024. Turkey’s consumption far exceeded that of Iran (38,000 units), the second-largest consumer, and Saudi Arabia (19,000 units), which held a 12% share. From 2013 to 2024, Turkey’s consumption grew at an average annual rate of +4.8%, while Iran and Saudi Arabia experienced declines of -0.9% and -4.6%, respectively.
In value terms, Turkey led the market with 1.7 billion, followed by Iran (1.7 billion, followed by Iran (665 million) and Saudi Arabia. Turkey’s market value grew at an average annual rate of +4.8% from 2013 to 2024, while Iran and Saudi Arabia saw declines of -3.3% and -3.7%, respectively.
On a per capita basis, Oman recorded the highest consumption in 2024 with 1,100 units per million persons, followed by Turkey (915 units) and the United Arab Emirates (908 units). Oman also saw the fastest growth in per capita consumption, with a CAGR of +7.3% from 2013 to 2024, outpacing other countries in the region.
Production Trends
In 2024, production of agricultural and forestry tractors in the Middle East increased by 1.9% to 145,000 units. However, production has remained relatively flat overall, peaking at 153,000 units in 2019 before declining in subsequent years. In value terms, production reached 3.1billionin2024, reflecting a stable trend. Production peaked at 3.1 billion in 2024, reflecting a stable trend. Production peaked at 3.3 billion in 2019 but has since moderated.
Production by Country
Turkey (69,000 units), Iran (38,000 units), and Saudi Arabia (19,000 units) were the top producers in 2024, collectively accounting for 87% of total production. The United Arab Emirates, Oman, and Kuwait contributed an additional 12%. Oman achieved the highest production growth rate, with a CAGR of +11.5% from 2013 to 2024, while other countries experienced more modest growth.
Import Trends
After three years of growth, imports of agricultural and forestry tractors in the Middle East declined by 13.6% to 33,000 units in 2024. Despite the drop, imports have shown moderate expansion overall, peaking at 38,000 units in 2023. In value terms, imports fell to 887million in 2024, following a peak of 887 million in 2024, following a peak of 1.1 billion in 2023.
Imports by Country
Turkey dominated imports, accounting for 86% of the total with 28,000 units in 2024. Other key importers included the United Arab Emirates (1,176 units), Iraq (1,134 units), Israel (607 units), and Syria (574 units). Turkey’s imports grew at an average annual rate of +8.5% from 2013 to 2024, while Syria saw the fastest growth at +30.8%. In contrast, the UAE, Israel, and Iraq experienced declines.
In value terms, Turkey (786 million) accounted for 89786 million) accounted for 8933 million) and Iraq ($25 million). Turkey’s import value grew at an average annual rate of +10.7% from 2013 to 2024, while Israel and Iraq saw declines.
Export Trends
Exports of agricultural and forestry tractors from the Middle East fell by 14% to 18,000 units in 2024, marking the second consecutive year of decline after two years of growth. Despite this, exports have shown a relatively flat trend overall, peaking at 27,000 units in 2022. In value terms, exports dropped to 543 million in 2024, following a peak of 543million in 2024, following a peak of603 million in 2023.
Exports by Country
Turkey accounted for 98% of total exports in 2024, with 18,000 units. In value terms, Turkey also led with $537 million. From 2013 to 2024, Turkey’s export value grew at an average annual rate of +4.2%.
(Source: Index Box)
