GCC: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in GCC

The GCC non-numerically controlled sharpening machine market fell modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in GCC

In value terms, non-numerically controlled sharpening machine production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 55%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in GCC

In 2022, the amount of non-numerically controlled sharpening machines for working metal exported in GCC shrank sharply to X units, with a decrease of -31.5% against the previous year's figure. In general, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 861% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports declined sharply to $X in 2022. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 455%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of non-numerically controlled sharpening machines for working metal in GCC, with the volume of exports accounting for X units, which was near 76% of total exports in 2022. Saudi Arabia (X units) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (11%).

Exports from the United Arab Emirates increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Saudi Arabia (+32.0%) and Bahrain (+27.2%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +32.0% from 2012-2022. Bahrain (+11 p.p.) and Saudi Arabia (+11 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -21.1% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest non-numerically controlled sharpening machine supplier in GCC, comprising 55% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 27% share of total exports.

In the United Arab Emirates, non-numerically controlled sharpening machine exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+37.7% per year) and Bahrain (-10.4% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with an increase of 8.2% against the previous year. In general, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2020 when the export price increased by 80% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in GCC

Non-numerically controlled sharpening machine imports reduced to X units in 2022, with a decrease of -11.4% on the previous year's figure. Overall, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports shrank to $X in 2022. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by 230% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the main importer of non-numerically controlled sharpening machines for working metal in GCC, with the volume of imports reaching X units, which was approx. 75% of total imports in 2022. Kuwait (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (5.1%). Oman (X units) took a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, Bahrain (+9.2%) and Oman (+2.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.2% from 2012-2022. Kuwait experienced a relatively flat trend pattern. Kuwait (+3.8 p.p.) and Bahrain (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in GCC, comprising 60% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total imports. It was followed by Bahrain, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -4.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+9.8% per year) and Bahrain (+3.6% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, surging by 5.2% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 233%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+8.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform