MENA: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in MENA

In 2021, the MENA's numerically controlled drilling machine market decreased by -14.7% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Production of Numerically Controlled Drilling Machines For Working Metal in MENA

In value terms, numerically controlled drilling machine production shrank modestly to $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 53% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in MENA

Numerically controlled drilling machine exports surged to X tons in 2021, with an increase of 121% against the year before. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 192%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, numerically controlled drilling machine exports surged to $X in 2021. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 122%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. 95% of total exports in 2021. The United Arab Emirates (X tons) took a little share of total exports.

Turkey was also the fastest-growing in terms of the numerically controlled drilling machines for working metal exports, with a CAGR of +25.5% from 2012 to 2021. At the same time, the United Arab Emirates (+2.5%) displayed positive paces of growth. Turkey (+14 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -11.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest numerically controlled drilling machine supplier in MENA, comprising 95% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +24.0%.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, waning by -5.5% against the previous year. In general, the export price saw a noticeable descent. The growth pace was the most rapid in 2020 when the export price increased by 28%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.2%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in MENA

In 2021, imports of numerically controlled drilling machines for working metal in MENA reached X tons, growing by 6.6% on 2020 figures. Over the period under review, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports shrank to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey was the major importer of numerically controlled drilling machines for working metal in MENA, with the volume of imports resulting at X tons, which was near 38% of total imports in 2021. Qatar (X tons) ranks second in terms of the total imports with a 21% share, followed by Iran (11%), Israel (6.3%), Egypt (5.9%) and Morocco (5.1%). The United Arab Emirates (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +49.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported numerically controlled drilling machines for working metal in MENA, comprising 45% of total imports. The second position in the ranking was taken by Qatar ($X), with a 17% share of total imports. It was followed by Israel, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to -8.3%. In the other countries, the average annual rates were as follows: Qatar (+37.4% per year) and Israel (+7.7% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, reducing by -17.7% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 31%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform