MENA: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in MENA

The MENA's machine-tool for removing material market rose notably to $X in 2021, surging by 9.2% against the previous year. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Any Material By Removal Of Material in MENA

In value terms, machine-tool for removing material production soared to $X in 2021 estimated in export price. In general, production showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 167%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports in MENA

In 2021, exports of machine-tools for working any material by removal of material in MENA soared to X units, picking up by 21% compared with 2020 figures. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 330% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 37%. 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

In 2021, Turkey (X units) was the key exporter of machine-tools for working any material by removal of material, mixing up 80% of total exports. It was distantly followed by the United Arab Emirates (X units), constituting a 13% share of total exports. The following exporters - Israel (X units) and Oman (X units) - each reached a 3.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to machine-tool for removing material exports from Turkey stood at +17.3%. At the same time, the United Arab Emirates (+39.3%) and Oman (+27.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +39.3% from 2012-2021. By contrast, Israel (-9.0%) illustrated a downward trend over the same period. Turkey (+40 p.p.) and the United Arab Emirates (+11 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -7.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest machine-tool for removing material supplier in MENA, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.8% share of total exports. It was followed by Israel, with a 3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +9.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+40.8% per year) and Israel (-7.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, rising by 9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 110% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Israel ($X per unit), while Oman ($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 (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports in MENA

In 2021, overseas purchases of machine-tools for working any material by removal of material decreased by -13.3% to X units, falling for the second year in a row after eight years of growth. Over the period under review, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2016 when imports increased by 76%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X units) and Turkey (X units) represented the key importers of machine-tools for working any material by removal of material in MENA, together accounting for approx. 59% of total imports. Qatar (X units) took the next position in the ranking, distantly followed by Iraq (X units) and Algeria (X units). All these countries together took approx. 27% share of total imports. The following importers - Israel (X units) and Morocco (X units) - each finished at a 6% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in MENA, comprising 44% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +5.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.1% per year) and Israel (+8.8% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, rising by 65% against the previous year. Overall, the import price enjoyed modest growth. The pace of growth appeared the most rapid in 2020 when the import price increased by 184% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform