MENA: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in MENA

The MENA's horizontal machining centre market surged to $X in 2021, picking up by 41% against the previous year. Over the period under review, consumption continues to indicate prominent growth. The level of consumption peaked in 2021 and is likely to see gradual growth in years to come.

Horizontal Machining Centre Production in MENA

In value terms, horizontal machining centre production soared to $X in 2021 estimated in export price. Overall, production saw a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 59%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Horizontal Machining Centre Exports

Exports in MENA

In 2021, the amount of horizontal machining centres for working metal exported in MENA rose modestly to X units, increasing by 1.8% on the year before. In general, exports saw significant growth. The growth pace was the most rapid in 2015 when exports increased by 1,706% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, horizontal machining centre exports fell slightly to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 346%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was near 97% of total exports in 2021. The United Arab Emirates (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the horizontal machining centres for working metal exports, with a CAGR of +40.2% from 2012 to 2021. At the same time, the United Arab Emirates (+28.0%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +11 percentage points.

In value terms, Turkey ($X) remains the largest horizontal machining centre supplier in MENA, comprising 75% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports.

In Turkey, horizontal machining centre exports increased at an average annual rate of +24.7% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, shrinking by -2.8% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 246%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+35.1%).

Horizontal Machining Centre Imports

Imports in MENA

In 2021, approx. X units of horizontal machining centres for working metal were imported in MENA; jumping by 61% on the year before. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, horizontal machining centre imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the major importer of horizontal machining centres for working metal in MENA, with the volume of imports reaching X units, which was approx. 74% of total imports in 2021. It was distantly followed by the United Arab Emirates (X units), mixing up a 16% share of total imports. Israel (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to horizontal machining centre imports into Turkey stood at +11.3%. At the same time, the United Arab Emirates (+15.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.3% from 2012-2021. By contrast, Israel (-1.7%) illustrated a downward trend over the same period. While the share of Turkey (+9.6 p.p.) and the United Arab Emirates (+5.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Israel (-6 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported horizontal machining centres for working metal in MENA, comprising 84% of total imports. The second position in the ranking was taken by Israel ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +7.9%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-3.3% per year) and the United Arab Emirates (+1.2% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, with a decrease of -10.7% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of 13%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform