Middle East: Market for Machine Tools For Working Metal Without Removing Metal 2025

Market Size for Machine Tools For Working Metal Without Removing Metal in the Middle East

In 2021, the Middle Eastern machine tool for metal market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in the Middle East

In value terms, machine tool for metal production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a temperate increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 143% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports in the Middle East

Machine tool for metal exports contracted to X units in 2021, with a decrease of -8.9% on 2020. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, machine tool for metal exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Turkey (X units), the United Arab Emirates (X units), Syrian Arab Republic (X units) and Lebanon (X units), together finishing at 85% of total export. It was distantly followed by Saudi Arabia (X units), creating an 8.3% share of total exports. Israel (X units) and Iran (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest machine tool for metal supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.1% share of total exports. It was followed by Israel, with a 3.3% share.

In Turkey, machine tool for metal exports increased at an average annual rate of +10.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-18.5% per year) and Israel (+2.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, growing by 126% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 147%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while Syrian Arab Republic ($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 (+14.4%), while the other leaders experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports in the Middle East

In 2021, machine tool for metal imports in the Middle East surged to X units, rising by 54% against 2020 figures. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2015 when imports increased by 127%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, machine tool for metal imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X units, which was approx. 75% of total imports in 2021. It was distantly followed by Oman (X units) and Iran (X units), together comprising a 12% share of total imports. Iraq (X units), Turkey (X units), Jordan (X units) and Lebanon (X units) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +21.6% from 2012 to 2021. At the same time, Oman (+24.3%), Turkey (+9.9%), Jordan (+9.6%) and Iraq (+4.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +24.3% from 2012-2021. Iran experienced a relatively flat trend pattern. By contrast, Lebanon (-18.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+44 p.p.) and Oman (+5.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iraq (-1.7 p.p.), Iran (-6.1 p.p.) and Lebanon (-24.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported machine tools for working metal without removing metal in the Middle East, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Iran, with a 5.1% share.

In Turkey, machine tool for metal imports expanded at an average annual rate of +11.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.1% per year) and Iran (-6.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, surging by 4.2% against the previous year. In general, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 115% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while Lebanon ($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 (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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