Middle East: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in the Middle East

The Middle Eastern wood drilling machine market rose to $X in 2021, increasing by 3.3% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Wood Drilling Machine Production in the Middle East

In value terms, wood drilling machine production expanded to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 71% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Drilling Machine Exports

Exports in the Middle East

In 2021, the amount of drilling or morticing machines exported in the Middle East soared to X units, growing by 25% against the previous year. Total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, wood drilling machine exports skyrocketed to $X in 2021. Total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 57%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) was the largest exporter of drilling or morticing machines, mixing up 72% of total exports. It was distantly followed by the United Arab Emirates (X units), achieving a 21% share of total exports. Bahrain (X units) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, Bahrain (+10.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.7% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2021, the share of Turkey and Bahrain increased by +23 and +1.8 percentage points, respectively.

In value terms, Turkey ($X) remains the largest wood drilling machine supplier in the Middle East, comprising 91% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.9% share of total exports.

In Turkey, wood drilling machine exports expanded at an average annual rate of +4.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+6.0% per year) and Bahrain (-18.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, increasing by 6.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by 54%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.9%), while the other leaders experienced a decline in the export price figures.

Wood Drilling Machine Imports

Imports in the Middle East

In 2021, overseas purchases of drilling or morticing machines increased by 58% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 115%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports soared to $X in 2021. Over the period under review, imports, however, showed a slight slump. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Qatar represented the key importing country with an import of around X units, which finished at 47% of total imports. Turkey (X units) ranks second in terms of the total imports with a 22% share, followed by Iraq (7.3%), Israel (6.8%), Palestine (6.1%) and the United Arab Emirates (4.6%). Jordan (X units) held a little share of total imports.

Imports into Qatar decreased at an average annual rate of -14.0% from 2012 to 2021. At the same time, Palestine (+70.4%), Turkey (+34.6%), Iraq (+18.7%), Jordan (+10.2%), Israel (+9.5%) and the United Arab Emirates (+4.4%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +70.4% from 2012-2021. From 2012 to 2021, the share of Turkey, Iraq, Palestine, Israel, the United Arab Emirates and Jordan increased by +22, +6.5, +6.1, +5.3, +3 and +1.7 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported drilling or morticing machines in the Middle East, comprising 69% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Israel, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +3.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-0.9% per year) and Israel (+4.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, declining by -9.6% against the previous year. In general, the import price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 217% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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