United Arab Emirates: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the United Arab Emirates

The machine tool for metal market in the United Arab Emirates soared to $X in 2021, increasing by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a significant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the United Arab Emirates

In 2021, overseas shipments of machine tools for working metal without removing metal decreased by -63.8% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 704%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine tool for metal exports shrank markedly to $X in 2021. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 1,006% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), France (X units) and India (X units) were the main destinations of machine tool for metal exports from the United Arab Emirates, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +18,500.0%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for machine tools for working metal without removing metal exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was held by Oman ($X), with a 19% share of total exports. It was followed by Italy, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +68.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-8.7% per year) and Italy (+48.2% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, jumping by 79% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 254% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to France ($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 (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the United Arab Emirates

In 2021, imports of machine tools for working metal without removing metal into the United Arab Emirates skyrocketed to X units, increasing by 37% on the year before. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 272% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine tool for metal imports contracted to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 107%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X units) constituted the largest supplier of machine tool for metal to the United Arab Emirates, accounting for a 63% share of total imports. Moreover, machine tool for metal imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +55.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.2% per year) and the United States (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to the United Arab Emirates, comprising 29% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+33.3% per year) and Italy (+0.3% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, waning by -35.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 113%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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