Middle East: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in the Middle East

The Middle Eastern wood milling machine market rose to $X in 2021, with an increase of 1.9% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.2% against 2015 indices. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Wood Milling Machine Production in the Middle East

In value terms, wood milling machine production stood at $X in 2021 estimated in export price. The total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 80%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Wood Milling Machine Exports

Exports in the Middle East

Wood milling machine exports rose modestly to X units in 2021, increasing by 1.7% against 2020 figures. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 15%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood milling machine exports amounted to $X in 2021. Over the period under review, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 36%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units) was the main exporter of planing, milling or moulding machines, achieving 68% of total exports. It was distantly followed by Jordan (X units) and the United Arab Emirates (X units), together constituting a 31% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to wood milling machine exports from Turkey stood at -7.1%. At the same time, Jordan (+51.1%) and the United Arab Emirates (+3.5%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +51.1% from 2012-2021. From 2012 to 2021, the share of Jordan and the United Arab Emirates increased by +19 and +5.6 percentage points, respectively.

In value terms, Turkey ($X) remains the largest wood milling machine supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled -2.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+0.3% per year) and Jordan (+25.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, increasing by 6.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the other leaders experienced a decline in the export price figures.

Wood Milling Machine Imports

Imports in the Middle East

In 2021, the amount of planing, milling or moulding machines imported in the Middle East soared to X units, rising by 23% against the year before. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 121%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, wood milling machine imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Qatar prevails in imports structure, recording X units, which was approx. 83% of total imports in 2021. It was distantly followed by the United Arab Emirates (X units), comprising a 5.2% share of total imports. Turkey (X units), Israel (X units) and Iran (X units) followed a long way behind the leaders.

Imports into Qatar decreased at an average annual rate of -7.8% from 2012 to 2021. At the same time, the United Arab Emirates (+9.0%) and Iran (+3.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +9.0% from 2012-2021. By contrast, Turkey (-1.4%) and Israel (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +3.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wood milling machine importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), with a combined 65% share of total imports.

The United Arab Emirates, with a CAGR of +11.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, increasing by 48% against the previous year. In general, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2020 when the import price increased by 209% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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 (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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