Report Update Nov 1, 2024

Saudi Arabia - Machines for Working Wire - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Working Wire Machine Market 2024

Working Wire Machine Market Size in Saudi Arabia

The Saudi working wire machine market declined markedly to $X in 2021, which is down by -90% against the previous year. In general, consumption continues to indicate a dramatic shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Working Wire Machine Production in Saudi Arabia

In value terms, working wire machine production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.9% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 21% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Working Wire Machine Exports

Exports from Saudi Arabia

Working wire machine exports from Saudi Arabia soared to X units in 2021, jumping by 50% on 2020. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 300% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, working wire machine exports fell rapidly to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 516%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Bahrain (X units) was the main destination for working wire machine exports from Saudi Arabia, with a approx. 557% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bahrain was relatively modest.

In value terms, Bahrain ($X) emerged as the key foreign market for machines for working wire exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain was relatively modest.

Export Prices by Country

In 2021, the average working wire machine export price amounted to $X per unit, dropping by -49.1% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 54%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +16.5% per year.

Working Wire Machine Imports

Imports into Saudi Arabia

In 2021, working wire machine imports into Saudi Arabia stood at less than X units, flattening at the year before. In general, imports showed a relatively flat trend pattern.

In value terms, working wire machine imports soared to $X in 2021. Overall, imports saw a abrupt decrease. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of working wire machine imports to Saudi Arabia, together comprising 43% of total imports. These countries were followed by Austria, Latvia, Australia and Taiwan (Chinese), which together accounted for a further 57%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest working wire machine suppliers to Saudi Arabia were Italy ($X), China ($X) and Germany ($X), together comprising 84% of total imports.

China, with a CAGR of +15.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average working wire machine import price stood at less than $X per thousand units in 2021, flattening at the previous year. Overall, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per thousand units), while the price for Taiwan (Chinese) ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+48.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for working wire in the world?

The countries with the highest volumes of working wire machine consumption in 2021 were South Africa, China and the United States, with a combined 90% share of global consumption.

What are the largest producers of machines for working wire in the world?

China constituted the country with the largest volume of working wire machine production, accounting for 74% of total volume. Moreover, working wire machine production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by the UK, with a 1.8% share.

What are the leading importers of machines for working wire from Saudi Arabia?

In value terms, the United Arab Emirates remains the key foreign market for working wire machine exports from Saudi Arabia, comprising 98% of total exports. The second position in the ranking was occupied by Italy, with a 3.8% share of total exports.

What is the average export price for machines for working wire in Saudi Arabia?

The average working wire machine export price stood at $8,245 per unit in 2020, rising by 17% against the previous year.

This report provides an in-depth analysis of the working wire machine market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023