United Arab Emirates: Market for Machine-Tools For Working Wood 2024

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

In 2021, the machine-tool for working wood market in the United Arab Emirates increased by 89% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption saw a resilient expansion. Machine-tool for working wood consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Machine-Tools For Working Wood

Exports from the United Arab Emirates

In 2021, approx. X tons of machine-tools for working wood were exported from the United Arab Emirates; falling by -25.4% compared with 2020. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 127%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine-tool for working wood exports contracted sharply to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 193%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for machine-tool for working wood exports from the United Arab Emirates, accounting for a 38% share of total exports. Moreover, machine-tool for working wood exports to Oman exceeded the volume sent to the second major destination, Nigeria (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+26.3% per year) and India (-14.1% per year).

In value terms, Oman ($X) remains the key foreign market for machine-tools for working wood exports from the United Arab Emirates, comprising 41% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+28.0% per year) and India (-10.9% per year).

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, increasing by 8% against the previous year. Over the period under review, the export price recorded a buoyant increase. The growth pace was the most rapid in 2014 an increase of 122% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into the United Arab Emirates

In 2021, supplies from abroad of machine-tools for working wood increased by 51% to X tons, rising for the third consecutive year after four years of decline. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 80%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, machine-tool for working wood imports surged to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to the United Arab Emirates, with a 43% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.1% per year) and Germany (+14.6% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to the United Arab Emirates, comprising 26% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.5% per year) and Germany (+9.3% per year).

Import Prices by Country

The average machine-tool for working wood import price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the import price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 42%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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