MENA: Grinding Machine Market 2024

Grinding Machine Market Size in MENA

The MENA's grinding machine market rose to $X in 2021, picking up by 1.8% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Grinding Machine Production in MENA

In value terms, grinding machine production declined rapidly to $X in 2021 estimated in export price. Overall, production saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 43% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Grinding Machine Exports

Exports in MENA

In 2021, overseas shipments of machines having individual functions, for mixing, kneading, crushing or grinding increased by 15% to X units, rising for the second year in a row after two years of decline. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, grinding machine exports surged to $X in 2021. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, resulting at X units, which was near 85% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), generating a 6.5% share of total exports. Saudi Arabia (X units) and Jordan (X units) took a little share of total exports.

Turkey was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding exports, with a CAGR of +17.5% from 2012 to 2021. At the same time, Saudi Arabia (+4.1%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. By contrast, Jordan (-5.3%) illustrated a downward trend over the same period. Turkey (+36 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia, Jordan and the United Arab Emirates saw its share reduced by -2.4%, -5.1% and -6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest grinding machine supplier in MENA, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.4% share of total exports. It was followed by Saudi Arabia, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +17.8%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+1.7% per year) and Saudi Arabia (-13.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, picking up by 18% against the previous year. Overall, the export price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 36% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Grinding Machine Imports

Imports in MENA

In 2021, after four years of decline, there was significant growth in purchases abroad of machines having individual functions, for mixing, kneading, crushing or grinding, when their volume increased by 13% to X units. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 19% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X units) and Egypt (X units) represented the major importers of machines having individual functions, for mixing, kneading, crushing or grinding in 2021, amounting to near 27% and 25% of total imports, respectively. The United Arab Emirates (X units) took the next position in the ranking, followed by Algeria (X units), Israel (X units), Morocco (X units) and Jordan (X units). All these countries together held near 33% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machines having individual functions, for mixing, kneading, crushing or grinding in MENA, comprising 28% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Egypt, with a 7.9% share.

In Turkey, grinding machine imports expanded at an average annual rate of +5.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.2% per year) and Egypt (+0.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, growing by 9.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform