MENA: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in MENA

In 2021, the MENA's gear cutting machine market increased by 47% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Gear Cutting Machine Production in MENA

In value terms, gear cutting machine production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Gear Cutting Machine Exports

Exports in MENA

In 2021, overseas shipments of gear cutting, gear grinding or gear finishing machines decreased by -14.8% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 303%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, gear cutting machine exports amounted to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 106%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) and Turkey (X units) prevails in exports structure, together constituting 77% of total exports. The United Arab Emirates (X units) held the next position in the ranking, followed by Bahrain (X units) and Israel (X units). All these countries together held near 17% share of total exports. Egypt (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest gear cutting machine supplying countries in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together comprising 84% of total exports. Egypt, Bahrain and Israel lagged somewhat behind, together comprising a further 1.7%.

Egypt, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, increasing by 18% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2016 an increase of 60% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2017; however, from 2018 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 Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-5.5%), while the other leaders experienced a decline in the export price figures.

Gear Cutting Machine Imports

Imports in MENA

In 2021, after two years of decline, there was significant growth in overseas purchases of gear cutting, gear grinding or gear finishing machines, when their volume increased by 26% to X units. Over the period under review, imports, however, faced a sharp curtailment. The growth pace was the most rapid in 2014 with an increase of 57% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, gear cutting machine imports fell modestly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2021, Qatar (X units) and Iran (X units) were the key importers of gear cutting, gear grinding or gear finishing machines in MENA, together making up 60% of total imports. It was distantly followed by Israel (X units), Turkey (X units), Egypt (X units) and the United Arab Emirates (X units), together achieving a 36% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +26.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in MENA, comprising 78% of total imports. The second position in the ranking was taken by Iran ($X), with a 3.4% share of total imports. It was followed by Israel, with a 2.9% share.

In Turkey, gear cutting machine imports expanded at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (+11.7% per year) and Israel (+22.3% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, shrinking by -24.2% against the previous year. In general, the import price, however, enjoyed significant growth. The growth pace was the most rapid in 2016 an increase of 694% against the previous year. The level of import peaked at $X per unit in 2020, and then shrank significantly 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 Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+27.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform