Middle East: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the Middle East

After three years of growth, the Middle Eastern metal broaching machine market decreased by -60.8% to $X in 2021. Overall, consumption recorded a perceptible descent. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Metal Broaching Machine Production in the Middle East

In value terms, metal broaching machine production reduced sharply to $X in 2021 estimated in export price. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 410%. As a result, production attained the peak level of $X, and then plummeted in the following year.

Metal Broaching Machine Exports

Exports in the Middle East

In 2021, exports of broaching machines for working metal in the Middle East shrank dramatically to X units, falling by -75.7% on the year before. Over the period under review, exports showed a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 517%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, metal broaching machine exports surged to $X in 2021. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 256% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey was the key exporter of broaching machines for working metal in the Middle East, with the volume of exports amounting to X units, which was approx. 89% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), committing an 11% share of total exports.

Turkey was also the fastest-growing in terms of the broaching machines for working metal exports, with a CAGR of -9.7% from 2012 to 2021. The United Arab Emirates (-28.7%) illustrated a downward trend over the same period. While the share of Turkey (+64 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-15.5 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metal broaching machine supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.4% 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.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, increasing by 563% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 816%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain 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 the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+39.7%).

Metal Broaching Machine Imports

Imports in the Middle East

In 2021, approx. X units of broaching machines for working metal were imported in the Middle East; reducing by -95.3% compared with the year before. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 2,731% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, metal broaching machine imports contracted dramatically to $X in 2021. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 212%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Israel (X units) was the largest importer of broaching machines for working metal, achieving 48% of total imports. The United Arab Emirates (X units) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Oman (12%), Bahrain (8.3%), Iran (6%) and Turkey (6%). Iraq (X units) followed a long way behind the leaders.

Imports into Israel decreased at an average annual rate of -20.7% from 2012 to 2021. At the same time, Bahrain (+17.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +17.9% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, Iran (-4.0%), Iraq (-12.5%), Oman (-13.2%) and the United Arab Emirates (-25.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bahrain, Oman, Turkey, Iran and Iraq increased by +8, +5.7, +5.1, +4.7 and +1.7 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported broaching machines for working metal in the Middle East, comprising 81% of total imports. The second position in the ranking was held by Israel ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 1.7% share.

In Turkey, metal broaching machine imports contracted by an average annual rate of -7.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (-3.6% per year) and the United Arab Emirates (-26.8% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, jumping by 953% against the previous year. Over the period under review, the import price posted resilient 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.

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

Frequently Asked Questions (FAQ) :