United Arab Emirates: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the United Arab Emirates

The machine-tool for working metal market in the United Arab Emirates surged to $X in 2021, growing by 109% against the previous year. In general, consumption posted a slight expansion. Machine-tool for working metal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Machine Tools For Working Metal in the United Arab Emirates

In value terms, machine-tool for working metal production totaled $X in 2021 estimated in export price. Overall, production faced a dramatic slump. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from the United Arab Emirates

Machine-tool for working metal exports from the United Arab Emirates contracted remarkably to X units in 2021, declining by -34.2% on 2020. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 120%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for working metal exports shrank significantly to $X in 2021. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 191%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Burundi (X units) was the main destination for machine-tool for working metal exports from the United Arab Emirates, with a 46% share of total exports. Moreover, machine-tool for working metal exports to Burundi exceeded the volume sent to the second major destination, Zambia (X units), fivefold. India (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burundi totaled +90.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+45.3% per year) and India (-16.8% per year).

In value terms, Oman ($X), India ($X) and Burundi ($X) were the largest markets for machine-tool for working metal exported from the United Arab Emirates worldwide, together accounting for 55% of total exports.

In terms of the main countries of destination, Burundi, with a CAGR of +79.2%, recorded 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

In 2021, the average machine-tool for working metal export price amounted to $X per unit, waning by -23.8% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for working metal export price increased by +27.8% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 72%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Oman ($X per unit), while the average price for exports to Sri Lanka ($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 Saudi Arabia (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into the United Arab Emirates

In 2021, purchases abroad of machine tools for working metal increased by 54% to X units, rising for the second consecutive year after five years of decline. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, machine-tool for working metal imports expanded rapidly to $X in 2021. In general, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and South Korea (X units) were the main suppliers of machine-tool for working metal imports to the United Arab Emirates, with a combined 74% share of total imports. These countries were followed by the United States, Saudi Arabia, the UK, Spain, Italy, Germany and Taiwan (Chinese), which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +39.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal suppliers to the United Arab Emirates were China ($X), the United States ($X) and South Korea ($X), together comprising 61% of total imports. These countries were followed by Italy, India, Germany, Taiwan (Chinese), Saudi Arabia, the UK and Spain, which together accounted for a further 25%.

Among the main suppliers, Saudi Arabia, with a CAGR of +45.1%, 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

In 2021, the average machine-tool for working metal import price amounted to $X per unit, which is down by -27.1% against the previous year. Overall, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 43% against the previous year. The import price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for India ($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) (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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