United Arab Emirates: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in the United Arab Emirates

The non-numerically controlled drilling machine market in the United Arab Emirates skyrocketed to $X in 2021, picking up by 34% 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). In general, consumption saw prominent growth. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from the United Arab Emirates

After two years of decline, overseas shipments of non-numerically controlled drilling machines for working metal increased by 28% to X tons in 2021. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 227%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports soared to $X in 2021. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 325%. 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

The United States (X tons) was the main destination for non-numerically controlled drilling machine exports from the United Arab Emirates, accounting for a 54% share of total exports. Moreover, non-numerically controlled drilling machine exports to the United States exceeded the volume sent to the second major destination, Oman (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +232.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+1.2% per year) and Australia (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from the United Arab Emirates, comprising 60% of total exports. The second position in the ranking was held by Oman ($X), with a 13% share of total exports. It was followed by Australia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +199.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-8.7% per year) and Australia (0.0% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, approximately equating the previous year. In general, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 49%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Angola ($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 Nigeria (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into the United Arab Emirates

In 2021, the amount of non-numerically controlled drilling machines for working metal imported into the United Arab Emirates skyrocketed to X tons, picking up by 60% compared with the previous year's figure. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 90%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, non-numerically controlled drilling machine imports totaled $X in 2021. In general, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 44%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Germany (X tons) were the main suppliers of non-numerically controlled drilling machine imports to the United Arab Emirates, together accounting for 85% of total imports.

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 +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-numerically controlled drilling machine suppliers to the United Arab Emirates were China ($X), Saudi Arabia ($X) and India ($X), with a combined 68% share of total imports.

Saudi Arabia, with a CAGR of +24.4%, recorded the highest growth rate of the value of imports, among 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 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, reducing by -34.1% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 18%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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