Middle East: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in the Middle East

The Middle Eastern wood slicing machine market rose remarkably to $X in 2021, picking up by 12% against the previous year. The total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Slicing Machine Production in the Middle East

In value terms, wood slicing machine production stood at $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Wood Slicing Machine Exports

Exports in the Middle East

In 2021, exports of splitting, slicing or paring machines in the Middle East soared to X units, jumping by 100% against the year before. Over the period under review, exports saw a buoyant increase. The growth pace was the most rapid in 2013 when exports increased by 194% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood slicing machine exports surged to $X in 2021. Overall, exports, however, recorded a perceptible shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units) and Turkey (X units) prevails in exports structure, together creating 77% of total exports. Lebanon (X units) held an 8.3% share (based on physical terms) of total exports, which put it in second place, followed by Jordan (7.1%) and the United Arab Emirates (4.8%).

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest wood slicing machine supplier in the Middle East, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Saudi Arabia, with a 7.6% share.

In Turkey, wood slicing machine exports declined by an average annual rate of -3.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.6% per year) and Saudi Arabia (+48.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, which is down by -25% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 285%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Saudi Arabia (+21.5%), while the other leaders experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports in the Middle East

In 2021, overseas purchases of splitting, slicing or paring machines increased by 154% to X units, rising for the third consecutive year after four years of decline. In general, imports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 789%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wood slicing machine imports declined to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 56%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of wood slicing machine imports in 2021 were Qatar (X units), together reaching 98% of total import.

Qatar was also the fastest-growing in terms of the splitting, slicing or paring machines imports, with a CAGR of -2.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported splitting, slicing or paring machines in the Middle East.

In Qatar, wood slicing machine imports contracted by an average annual rate of -11.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, dropping by -62.5% against the previous year. Overall, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2018 when the import price increased by 237%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Qatar.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to -9.6% per year.

Source: IndexBox Platform

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