United Arab Emirates: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in the United Arab Emirates

For the sixth year in a row, the wood drilling machine market in the United Arab Emirates recorded growth in sales value, which increased by 5.9% to $X in 2021. Overall, consumption continues to indicate a buoyant expansion. Wood drilling machine consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Wood Drilling Machine Production in the United Arab Emirates

In value terms, wood drilling machine production stood at $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 147%. Wood drilling machine production peaked at $X in 2019; afterwards, it flattened through to 2021.

Wood Drilling Machine Exports

Exports from the United Arab Emirates

Wood drilling machine exports from the United Arab Emirates plummeted to X units in 2021, with a decrease of -31.5% against 2020. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 552% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood drilling machine exports reduced to $X in 2021. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 488%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for wood drilling machine exports from the United Arab Emirates, accounting for a 65% share of total exports. Moreover, wood drilling machine exports to Nigeria exceeded the volume sent to the second major destination, Oman (X units), fivefold. The third position in this ranking was held by India (X units), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria stood at -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-7.2% per year) and India (+17.1% per year).

In value terms, Nigeria ($X) remains the key foreign market for drilling or morticing machines exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was taken by Rwanda ($X), with an 8.2% share of total exports. It was followed by Oman, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+8.5% per year) and Oman (-11.9% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, increasing by 25% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood drilling machine export price increased by +108.8% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 53% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Tanzania ($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 Nigeria (+9.4%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into the United Arab Emirates

Wood drilling machine imports into the United Arab Emirates was estimated at X units in 2021, with an increase of 11% on the previous year. Over the period under review, imports showed moderate growth. The pace of growth was the most pronounced in 2014 when imports increased by 146%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, wood drilling machine imports reduced to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 105% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to the United Arab Emirates, accounting for a 74% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. Italy (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.6% per year) and Italy (+6.2% per year).

In value terms, China ($X), Italy ($X) and Taiwan (Chinese) ($X) appeared to be the largest wood drilling machine suppliers to the United Arab Emirates, with a combined 91% share of total imports.

China, with a CAGR of +25.0%, saw 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 mixed trend patterns.

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, declining by -14.7% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2018 when the average import price increased by 163%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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