Middle East: Market for Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Numerically Controlled Sharpening Machines For Working Metal in the Middle East

The Middle Eastern numerically controlled sharpening machine market declined remarkably to $X in 2022, which is down by -15.5% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Numerically Controlled Sharpening Machines For Working Metal in the Middle East

In value terms, numerically controlled sharpening machine production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 48% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports in the Middle East

Numerically controlled sharpening machine exports was estimated at X units in 2022, with an increase of 14% compared with the previous year's figure. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 4,094% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine exports surged to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,087% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, amounting to X units, which was approx. 82% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Israel (X units), together generating a 16% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to numerically controlled sharpening machine exports from Turkey stood at +16.1%. At the same time, Israel (+17.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +17.5% from 2012-2022. By contrast, the United Arab Emirates (-5.8%) and Bahrain (-21.6%) illustrated a downward trend over the same period. Turkey (+31 p.p.), Israel (+3.4 p.p.) and Bahrain (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -34.1% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest numerically controlled sharpening machine supplier in the Middle East, comprising 98% of total exports. The second position in the ranking was taken by Israel ($X), with a 0.8% share of total exports. It was followed by the United Arab Emirates, with a 0.4% share.

In Turkey, numerically controlled sharpening machine exports increased at an average annual rate of +28.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (+19.5% per year) and the United Arab Emirates (-7.2% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by 37% against the previous year. In general, the export price posted resilient growth. The growth pace was the most rapid in 2018 when the export price increased by 11,337%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+12.2%), while the other leaders experienced more modest paces of growth.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports in the Middle East

In 2022, the amount of numerically controlled sharpening machines for working metal imported in the Middle East fell rapidly to X units, which is down by -19.6% against the previous year. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 1,233% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, numerically controlled sharpening machine imports reduced modestly to $X in 2022. Overall, imports, however, saw strong growth. The growth pace was the most rapid in 2018 with an increase of 110%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the largest importers of numerically controlled sharpening machines for working metal in 2022, amounting to near 32% and 26% of total imports, respectively. Kuwait (X units) ranks next in terms of the total imports with a 15% share, followed by Israel (13%). The following importers - Iran (X units), Oman (X units), Qatar (X units) and Jordan (X units) - together made up 8.7% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +44.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported numerically controlled sharpening machines for working metal in the Middle East, comprising 73% of total imports. The second position in the ranking was held by Israel ($X), with a 23% share of total imports. It was followed by the United Arab Emirates, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +8.1%. In the other countries, the average annual rates were as follows: Israel (+6.7% per year) and the United Arab Emirates (+31.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, surging by 24% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by 798%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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