United Arab Emirates: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in the United Arab Emirates

The grinding and sharpening machine market in the United Arab Emirates rose modestly to $X in 2022, surging by 4.9% against the previous year. In general, consumption enjoyed resilient growth. Grinding and sharpening machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Grinding And Sharpening Metal Finishing Machines in the United Arab Emirates

In value terms, grinding and sharpening machine production stood at $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Grinding and sharpening machine production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from the United Arab Emirates

In 2022, shipments abroad of grinding and sharpening metal finishing machines increased by 9.1% to X units, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 657% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, grinding and sharpening machine exports declined markedly to $X in 2022. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 145%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Mozambique (X units), Burundi (X units) and Zimbabwe (X units) were the main destinations of grinding and sharpening machine exports from the United Arab Emirates, together accounting for 65% of total exports. Mauritius, Tanzania, Rwanda, Oman and Seychelles lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of +226.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding and sharpening machine exported from the United Arab Emirates were Mozambique ($X), Zimbabwe ($X) and Rwanda ($X), together comprising 86% of total exports. Tanzania, Oman, Burundi, Mauritius and Seychelles lagged somewhat behind, together comprising a further 3.7%.

In terms of the main countries of destination, Mauritius, with a CAGR of +213.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grinding and sharpening machine export price stood at $X per unit in 2022, declining by -32.2% against the previous year. In general, the export price, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 270% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Seychelles ($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 Mozambique (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into the United Arab Emirates

In 2022, purchases abroad of grinding and sharpening metal finishing machines increased by 4.1% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by 156% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports declined to $X in 2022. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 327% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units), China (X units) and India (X units) were the main suppliers of grinding and sharpening machine imports to the United Arab Emirates, with a combined 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest grinding and sharpening machine suppliers to the United Arab Emirates were Turkey ($X), South Korea ($X) and China ($X), with a combined 39% share of total imports.

South Korea, with a CAGR of +44.7%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, with a decrease of -18% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 73%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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