Middle East: Metal Honing Machine Market 2025

Metal Honing Machine Market Size in the Middle East

In 2021, the Middle Eastern metal honing machine market increased by 46% to $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Metal Honing Machine Production in the Middle East

In value terms, metal honing machine production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a sharp downturn. The growth pace was the most rapid in 2014 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Honing Machine Exports

Exports in the Middle East

In 2021, the amount of honing or lapping machines for working metal exported in the Middle East fell to X units, which is down by -12% compared with the previous year's figure. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by 143%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, metal honing machine exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of honing or lapping machines for working metal in the Middle East, with the volume of exports reaching X units, which was approx. 53% of total exports in 2021. Israel (X units) took the second position in the ranking, distantly followed by Turkey (X units) and Saudi Arabia (X units). All these countries together took approx. 42% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +30.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Israel ($X) emerged as the largest metal honing machine supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Turkey, with a 10% share.

In Israel, metal honing machine exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-2.5% per year) and Turkey (-0.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, with an increase of 77% against the previous year. In general, the export price enjoyed a buoyant expansion. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 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 Israel ($X per unit), while the United Arab Emirates ($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 (+16.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Honing Machine Imports

Imports in the Middle East

In 2021, supplies from abroad of honing or lapping machines for working metal was finally on the rise to reach X units after two years of decline. Over the period under review, imports saw resilient growth. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal honing machine imports dropped dramatically to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Qatar prevails in imports structure, reaching X units, which was approx. 97% of total imports in 2021. The United Arab Emirates (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the honing or lapping machines for working metal imports, with a CAGR of +12.9% from 2012 to 2021. At the same time, the United Arab Emirates (+2.8%) displayed positive paces of growth. While the share of Qatar (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-2.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported honing or lapping machines for working metal in the Middle East, comprising 19% of total imports. The second position in the ranking was taken by Qatar ($X), with a 5.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to -3.1%.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, falling by -95.6% against the previous year. In general, the import price saw a deep contraction. The growth pace was the most rapid in 2020 when the import price increased by 597%. As a result, import price reached the peak level of $X per unit, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-5.7%).

Source: IndexBox Platform

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