GCC: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in GCC

The GCC metal honing machine market skyrocketed to $X in 2021, with an increase of 56% against the previous year. The total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Metal Honing Machine Production in GCC

In value terms, metal honing machine production dropped modestly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when the production volume increased by 5.2%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Honing Machine Exports

Exports in GCC

In 2021, the amount of honing or lapping machines for working metal exported in GCC declined notably to X units, which is down by -27.4% on the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 833%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, metal honing machine exports dropped rapidly to $X in 2021. In general, exports saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 771% against the previous year. The level of export peaked at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was approx. 89% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), comprising an 8.7% share of total exports. Bahrain (X units) took a little share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of honing or lapping machines for working metal. At the same time, Saudi Arabia (+30.5%) and Bahrain (+10.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +30.5% from 2012-2021. While the share of Saudi Arabia (+7.9 p.p.) and Bahrain (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest metal honing machine supplier in GCC, comprising 88% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.9% share of total exports.

In the United Arab Emirates, metal honing machine exports plunged by an average annual rate of -2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+13.8% per year) and Bahrain (+57.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, waning by -8.9% against the previous year. Over the period under review, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2015 when the export price increased by 175%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+44.2%), while the other leaders experienced a decline in the export price figures.

Metal Honing Machine Imports

Imports in GCC

In 2021, overseas purchases of honing or lapping machines for working metal were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a strong expansion. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal honing machine imports surged to $X in 2021. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of 165%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Qatar prevails in imports structure, amounting to X units, which was near 98% of total imports in 2021. The United Arab Emirates (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the honing or lapping machines for working metal imports, with a CAGR of +12.9% from 2012 to 2021. At the same time, the United Arab Emirates (+2.8%) displayed positive paces of growth. From 2012 to 2021, the share of Qatar increased by +3.2 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported honing or lapping machines for working metal in GCC, comprising 74% of total imports. The second position in the ranking was taken by Qatar ($X), with a 21% share of total imports.

In the United Arab Emirates, metal honing machine imports decreased by an average annual rate of -3.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, which is down by -93% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 437%. The level of import peaked at $X per unit in 2020, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-5.7%).

Source: IndexBox Platform