MENA: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in MENA

After three years of growth, the MENA's metal broaching machine market decreased by -60.1% to $X in 2021. In general, consumption continues to indicate a pronounced contraction. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Metal Broaching Machine Production in MENA

In value terms, metal broaching machine production fell rapidly to $X in 2021 estimated in export price. Overall, production showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 410% against the previous year. As a result, production reached the peak level of $X, and then plummeted in the following year.

Metal Broaching Machine Exports

Exports in MENA

Metal broaching machine exports shrank dramatically to X units in 2021, with a decrease of -53.8% against 2020. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 189%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, metal broaching machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 256% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Morocco was the major exporting country with an export of about X units, which recorded 63% of total exports. It was distantly followed by Turkey (X units), constituting a 33% share of total exports. The United Arab Emirates (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +35.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X) remains the largest metal broaching machine supplier in MENA, comprising 92% of total exports. The second position in the ranking was held by Morocco ($X), with a 6.1% share of total exports.

In Turkey, metal broaching machine exports increased at an average annual rate of +26.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+32.0% per year) and the United Arab Emirates (-24.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, increasing by 213% against the previous year. In general, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 751%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Morocco ($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 (+39.7%), while the other leaders experienced mixed trends in the export price figures.

Metal Broaching Machine Imports

Imports in MENA

In 2021, approx. X units of broaching machines for working metal were imported in MENA; with a decrease of -92.9% against 2020. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 1,037% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, metal broaching machine imports reduced remarkably to $X in 2021. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 151% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Israel (X units) and Morocco (X units) represented roughly 60% of total imports in 2021. The United Arab Emirates (X units) took the next position in the ranking, followed by Oman (X units), Algeria (X units) and Bahrain (X units). All these countries together held near 28% share of total imports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +17.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Israel ($X) constitutes the largest market for imported broaching machines for working metal in MENA, comprising 13% of total imports. The second position in the ranking was taken by Morocco ($X), with a 2.2% share of total imports. It was followed by the United Arab Emirates, with a 1.6% share.

In Israel, metal broaching machine imports shrank by an average annual rate of -3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Morocco (-0.5% per year) and the United Arab Emirates (-26.8% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, growing by 591% against the previous year. In general, the import price saw prominent growth. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Algeria ($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 (+21.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform