United Arab Emirates: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in the United Arab Emirates

The wood bending machine market in the United Arab Emirates was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wood Bending Machine Exports

Exports from the United Arab Emirates

In 2021, exports of bending or assembling machines from the United Arab Emirates dropped to X units, with a decrease of -12.5% compared with the year before. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 282% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood bending machine exports surged to $X in 2021. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 496%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for wood bending machine exports from the United Arab Emirates, accounting for a 64% share of total exports. Moreover, wood bending machine exports to Oman exceeded the volume sent to the second major destination, Tanzania (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-15.0% per year) and India (-13.0% per year).

In value terms, Oman ($X) remains the key foreign market for bending or assembling machines exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was taken by India ($X), with a 2.9% share of total exports. It was followed by Tanzania, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-33.9% per year) and Tanzania (-53.8% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, jumping by 88% against the previous year. Overall, the export price, however, showed a pronounced curtailment. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Tanzania ($X per unit) 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 (+900.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into the United Arab Emirates

In 2021, after three years of decline, there was significant growth in overseas purchases of bending or assembling machines, when their volume increased by 466% to X units. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood bending machine imports surged to $X in 2021. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest wood bending machine supplier to the United Arab Emirates, with a 28% share of total imports. Moreover, wood bending machine imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Turkey (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.6% per year) and Turkey (+29.6% per year).

In value terms, the largest wood bending machine suppliers to the United Arab Emirates were Turkey ($X), Germany ($X) and Italy ($X), with a combined 47% share of total imports.

Turkey, with a CAGR of +50.2%, recorded 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.

Import Prices by Country

In 2021, the average wood bending machine import price amounted to $X per unit, picking up by 5.3% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 15% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Austria ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+366.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :