MENA: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in MENA

The MENA's grinding and sharpening machine market amounted to $X in 2022, with an increase of 9.6% against the previous year. In general, consumption continues to indicate a buoyant increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Grinding And Sharpening Metal Finishing Machines in MENA

In value terms, grinding and sharpening machine production amounted to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in MENA

In 2022, approx. X units of grinding and sharpening metal finishing machines were exported in MENA; with an increase of 5.1% on the year before. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 145%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, grinding and sharpening machine exports soared to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) dominates exports structure, together committing 83% of total exports. It was distantly followed by Israel (X units), mixing up a 4.5% share of total exports. The following exporters - Bahrain (X units) and Saudi Arabia (X units) - together made up 6.7% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest grinding and sharpening machine supplier in MENA, comprising 74% of total exports. The second position in the ranking was taken by Israel ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 9.4% share.

In Turkey, grinding and sharpening machine exports expanded at an average annual rate of +6.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+5.2% per year) and the United Arab Emirates (+15.3% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, jumping by 32% against the previous year. Overall, the export price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of 101%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in MENA

In 2022, imports of grinding and sharpening metal finishing machines in MENA surged to X units, growing by 32% on 2021. In general, imports posted a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 83% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, grinding and sharpening machine imports expanded significantly to $X in 2022. Overall, imports, however, showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of 22%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, amounting to X units, which was approx. 90% of total imports in 2022. The following importers - the United Arab Emirates (X units) and Bahrain (X units) - each accounted for a 3.8% share of total imports.

Imports into Turkey increased at an average annual rate of +19.1% from 2012 to 2022. At the same time, Bahrain (+22.5%) and the United Arab Emirates (+2.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of +22.5% from 2012-2022. From 2012 to 2022, the share of Turkey increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in MENA, comprising 52% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.6% share of total imports.

In Turkey, grinding and sharpening machine imports shrank by an average annual rate of -8.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.5% per year) and Bahrain (-4.0% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, waning by -16.2% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when the import price increased by 43% against the previous year. The level of import peaked 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 the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform