Report Update Nov 1, 2024

Saudi Arabia - Non-Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Saudi non-numerically controlled sharpening machine market contracted modestly to $X in 2022, waning by -1.9% against the previous year. Overall, consumption, however, saw a resilient increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, non-numerically controlled sharpening machine production contracted slightly to $X in 2022 estimated in export price. In general, production, however, showed resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 65% against the previous year. Non-numerically controlled sharpening machine production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Saudi Arabia

After three years of growth, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -12.1% to X units in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 750%. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, non-numerically controlled sharpening machine exports dropped to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 183%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The Netherlands (X units) was the main destination for non-numerically controlled sharpening machine exports from Saudi Arabia, with a 96% share of total exports. It was followed by Bahrain (X units), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +86.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (-19.4% per year) and France (-85.7% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Saudi Arabia, comprising 94% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 5.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +205.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+0.7% per year) and France (-86.4% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, remaining stable against the previous year. Over the period under review, the export price, however, recorded a tangible increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 380%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+64.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Saudi Arabia

In value terms, non-numerically controlled sharpening machine imports stood at $X in 2014. Overall, imports recorded a slight shrinkage. The smallest decline of 99.9% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2014, imports failed to regain momentum.

Imports by Country

In value terms, the United States ($X), China ($X) and Italy ($X) were the largest non-numerically controlled sharpening machine suppliers to Saudi Arabia, with a combined 68% share of total imports.

China, with a CAGR of +4.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-numerically controlled sharpening machines for working metal in the world?

The countries with the highest volumes of non-numerically controlled sharpening machine consumption in 2021 were China, the United States and South Africa, together comprising 44% of global consumption. These countries were followed by India, Germany, Japan, Nigeria, Russia, Bangladesh, the UK, Turkey, Canada and South Korea, which together accounted for a further 36%.

What are the largest producers of non-numerically controlled sharpening machines for working metal in the world?

China remains the largest non-numerically controlled sharpening machine producing country worldwide, comprising approx. 34% of total volume. Moreover, non-numerically controlled sharpening machine production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 10% share.

What are the leading importers of non-numerically controlled sharpening machines for working metal from Saudi Arabia?

In value terms, India remains the key foreign market for non-numerically controlled sharpening machine exports from Saudi Arabia.

What is the average export price for non-numerically controlled sharpening machines for working metal in Saudi Arabia?

The average non-numerically controlled sharpening machine export price stood at $802 per unit in 2020, increasing by 77% against the previous year.

This report provides an in-depth analysis of the market for non-numerically controlled sharpening machine 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 28412375 - Non-numerically controlled sharpening (tool or cutter grinding) machines for working metal

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