Saudi Arabia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Saudi Arabia

In 2021, the Saudi non-numerically controlled drilling machine market decreased by -49.3% to $X, falling for the sixth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a deep contraction. Non-numerically controlled drilling machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Saudi Arabia

In value terms, non-numerically controlled drilling machine production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when the production volume increased by 185%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Saudi Arabia

In 2021, shipments abroad of non-numerically controlled drilling machines for working metal decreased by -92.8% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 427%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports fell markedly to $X in 2021. Over the period under review, exports showed a sharp setback. The pace of growth appeared the most rapid in 2017 when exports increased by 343%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Iraq (X kg) and the United Arab Emirates (X kg) were the main destinations of non-numerically controlled drilling machine exports from Saudi Arabia, together accounting for 79% of total exports. Oman, South Sudan, the Netherlands and India lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Sudan (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Saudi Arabia, comprising 54% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Iraq, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-31.0% per year) and Iraq (-17.9% per year).

Export Prices by Country

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, picking up by 8.9% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 56%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+48.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Saudi Arabia

In 2020, the amount of non-numerically controlled drilling machines for working metal imported into Saudi Arabia contracted to X tons, with a decrease of -6% compared with 2019 figures. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports rose to $X in 2020. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest non-numerically controlled drilling machine supplier to Saudi Arabia, accounting for a 44% share of total imports. Moreover, non-numerically controlled drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2020, the average annual growth rate of volume from China totaled -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (0.0% per year) and Italy (-19.0% per year).

In value terms, the largest non-numerically controlled drilling machine suppliers to Saudi Arabia were Canada ($X), Italy ($X) and China ($X), with a combined 80% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average non-numerically controlled drilling machine import price stood at $X per ton in 2020, increasing by 9.3% against the previous year. Over the last eight years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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