MENA: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in MENA

For the fourth year in a row, the MENA's wood milling machine market recorded growth in sales value, which increased by 1.7% to $X in 2021. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.5% against 2017 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Wood Milling Machine Production in MENA

In value terms, wood milling machine production reached $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wood Milling Machine Exports

Exports in MENA

In 2021, approx. X units of planing, milling or moulding machines were exported in MENA; approximately equating the previous year's figure. Overall, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when exports increased by 17%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports expanded sharply to $X in 2021. Over the period under review, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of planing, milling or moulding machines in MENA, with the volume of exports recording X units, which was approx. 68% of total exports in 2021. It was distantly followed by Jordan (X units) and the United Arab Emirates (X units), together achieving a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood milling machine exports from Turkey stood at -7.1%. At the same time, Jordan (+51.1%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of +51.1% from 2012-2021. Jordan (+19 p.p.) and the United Arab Emirates (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -23.9% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest wood milling machine supplier in MENA, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled -2.1%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.3% per year) and Jordan (+25.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, increasing by 6.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in MENA

Wood milling machine imports soared to X units in 2021, growing by 17% on 2020 figures. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 111%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Qatar dominates imports structure, accounting for X units, which was near 75% of total imports in 2021. It was distantly followed by the United Arab Emirates (X units), achieving a 4.7% share of total imports. Egypt (X units), Turkey (X units), Morocco (X units), Israel (X units) and Iran (X units) followed a long way behind the leaders.

Imports into Qatar decreased at an average annual rate of -7.8% from 2012 to 2021. At the same time, Morocco (+18.3%), the United Arab Emirates (+9.0%), Egypt (+7.5%) and Iran (+3.8%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +18.3% from 2012-2021. By contrast, Turkey (-1.4%) and Israel (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Egypt and Morocco increased by +3.5, +3.1 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, together comprising 48% of total imports. These countries were followed by Egypt, Morocco, Iran and Qatar, which together accounted for a further 24%.

Egypt, with a CAGR of +15.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, jumping by 33% against the previous year. In general, the import price posted buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 181%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform