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

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

The Saudi numerically controlled drilling machine market rose rapidly to $X in 2021, with an increase of 7.5% against the previous year. In general, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 166%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Saudi Arabia

In 2021, after two years of growth, there was significant decline in shipments abroad of numerically controlled drilling machines for working metal, when their volume decreased by -97.9% to X kg. Overall, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2015 when exports increased by 5,213% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, numerically controlled drilling machine exports reduced sharply to $X in 2021. In general, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 7,037%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for numerically controlled drilling machine exports from Saudi Arabia, with a 91% share of total exports. Moreover, numerically controlled drilling machine exports to Italy exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled -4.0%.

In value terms, Italy ($X) remains the key foreign market for numerically controlled drilling machines for working metal exports from Saudi Arabia, comprising 99% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +2.1%.

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 86% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.4%).

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Saudi Arabia

In 2015, after two years of decline, there was significant growth in supplies from abroad of numerically controlled drilling machines for working metal, when their volume increased by 32% to X tons. Overall, imports, however, showed a perceptible curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2015, imports failed to regain momentum.

In value terms, numerically controlled drilling machine imports soared to $X in 2015. Over the period under review, imports recorded prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of numerically controlled drilling machine imports to Saudi Arabia, together accounting for 72% of total imports.

From 2012 to 2015, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +2,250.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled drilling machine suppliers to Saudi Arabia were the United States ($X), Italy ($X) and Canada ($X), together accounting for 95% of total imports.

Among the main suppliers, the United States, with a CAGR of +973.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2015, surging by 79% against the previous year. Overall, import price indicated a strong increase from 2012 to 2015: its price increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by Italy (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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