MENA: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in MENA

The MENA's metal deburring machine market skyrocketed to $X in 2021, surging by 26% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.7% against 2019 indices. 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.

Metal Deburring Machine Production in MENA

In value terms, metal deburring machine production surged to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Metal Deburring Machine Exports

Exports in MENA

In 2021, the amount of machines for deburring or polishing metal exported in MENA surged to X units, rising by 62% compared with the previous year's figure. Over the period under review, exports posted a pronounced expansion. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal deburring machine exports surged to $X in 2021. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) represented the key exporter of machines for deburring or polishing metal, making up 75% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a 16% share of total exports. The following exporters - Morocco (X units) and Iran (X units) - each reached a 4.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal deburring machine exports from Turkey stood at +14.2%. At the same time, Morocco (+22.4%), the United Arab Emirates (+2.7%) and Iran (+1.9%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +22.4% from 2012-2021. Turkey (+47 p.p.) and Morocco (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal deburring machine supplier in MENA, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2% share of total exports. It was followed by Iran, with a 0.5% share.

In Turkey, metal deburring machine exports expanded at an average annual rate of +10.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-3.7% per year) and Iran (+15.5% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, surging by 26% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal deburring machine export price increased by +19.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+13.3%), while the other leaders experienced a decline in the export price figures.

Metal Deburring Machine Imports

Imports in MENA

In 2021, the amount of machines for deburring or polishing metal imported in MENA declined to X units, falling by -9.6% on 2020. Over the period under review, imports, however, recorded modest growth. The pace of growth appeared the most rapid in 2019 when imports increased by 133%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, metal deburring machine imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X units, which reached 30% of total imports. Egypt (X units) ranks second in terms of the total imports with a 13% share, followed by Turkey (13%), Iran (8.4%), Algeria (8.4%) and Iraq (6.8%). Jordan (X units), Djibouti (X units), Israel (X units), Oman (X units), Yemen (X units) and Morocco (X units) took a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Turkey (+23.4%), Jordan (+23.3%), Djibouti (+8.0%), Algeria (+7.2%), Yemen (+5.5%), Morocco (+4.9%) and Oman (+2.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in MENA, with a CAGR of +23.4% from 2012-2021. By contrast, Iraq (-1.9%), Egypt (-3.0%), Iran (-8.0%) and Israel (-12.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Algeria and Jordan increased by +11, +11, +3.5 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported machines for deburring or polishing metal in MENA, comprising 56% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.9% share of total imports. It was followed by Israel, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +6.8%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.9% per year) and Israel (-12.1% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, jumping by 109% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Djibouti (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform