Middle East: Grinding Machine Market 2024

Grinding Machine Market Size in the Middle East

The Middle Eastern grinding machine market contracted slightly to $X in 2021, reducing by -4.7% against the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Grinding Machine Production in the Middle East

In value terms, grinding machine production plummeted to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 43%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Grinding Machine Exports

Exports in the Middle East

In 2021, shipments abroad of machines having individual functions, for mixing, kneading, crushing or grinding increased by 15% to X units, rising for the second consecutive year after two years of decline. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 96%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, grinding machine exports soared to $X in 2021. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 55% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was near 85% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), achieving a 6.5% share of total exports. The following exporters - Saudi Arabia (X units) and Jordan (X units) - together made up 5.2% of total exports.

Turkey was also the fastest-growing in terms of the machines having individual functions, for mixing, kneading, crushing or grinding exports, with a CAGR of +17.5% from 2012 to 2021. At the same time, Saudi Arabia (+4.1%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. By contrast, Jordan (-5.3%) illustrated a downward trend over the same period. While the share of Turkey (+35 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-2.6 p.p.), Jordan (-5.4 p.p.) and the United Arab Emirates (-6.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest grinding machine supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.5% share of total exports. It was followed by Saudi Arabia, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +17.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+1.7% per year) and Saudi Arabia (-13.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, surging by 17% against the previous year. Overall, the export price, however, showed a mild decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 37% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+1.2%), while the other leaders experienced mixed trends in the export price figures.

Grinding Machine Imports

Imports in the Middle East

In 2021, overseas purchases of machines having individual functions, for mixing, kneading, crushing or grinding increased by 19% to X units, rising for the second year in a row after three years of decline. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +39.2% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 34%. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports soared to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) was the largest importer of machines having individual functions, for mixing, kneading, crushing or grinding, comprising 44% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a 16% share, followed by Israel (9.8%), Jordan (8.2%), Iraq (7.1%), Iran (4.9%) and Oman (4.6%).

From 2012 to 2021, average annual rates of growth with regard to grinding machine imports into Turkey stood at +6.8%. At the same time, Iraq (+19.7%), Jordan (+19.0%), Israel (+5.0%) and Oman (+3.1%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +19.7% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (-12.1%) illustrated a downward trend over the same period. While the share of Turkey (+12 p.p.), Jordan (+5.9 p.p.) and Iraq (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-3.4 p.p.) and Iran (-15.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported machines having individual functions, for mixing, kneading, crushing or grinding in the Middle East, comprising 36% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Israel, with a 10% share.

In Turkey, grinding machine imports increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.2% per year) and Israel (+4.8% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, surging by 1.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 28% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 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, the country with the highest price was Iran ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+14.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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