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

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

In 2021, the numerically controlled drilling machine market in the United Arab Emirates decreased by -0.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a temperate increase. Numerically controlled drilling machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Numerically Controlled Drilling Machines For Working Metal in the United Arab Emirates

In value terms, numerically controlled drilling machine production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a significant increase. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from the United Arab Emirates

After three years of growth, overseas shipments of numerically controlled drilling machines for working metal decreased by -65.3% to X tons in 2021. Over the period under review, exports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of 439% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell remarkably in the following year.

In value terms, numerically controlled drilling machine exports fell markedly to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 190% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for numerically controlled drilling machine exports from the United Arab Emirates, accounting for a 85% share of total exports. Moreover, numerically controlled drilling machine exports to Malaysia exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold. The third position in this ranking was held by Iran (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +37.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-16.3% per year) and Iran (-9.9% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for numerically controlled drilling machines for working metal exports from the United Arab Emirates, comprising 48% of total exports. The second position in the ranking was held by Iraq ($X), with an 8.7% share of total exports. It was followed by Iran, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-25.2% per year) and Iran (-15.7% per year).

Export Prices by Country

The average numerically controlled drilling machine export price stood at $X per ton in 2021, falling by -57.6% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Malaysia ($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 India (+10.8%), while the prices for the other major destinations experienced a decline.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into the United Arab Emirates

After two years of growth, purchases abroad of numerically controlled drilling machines for working metal decreased by -80.6% to X tons in 2021. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 490%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports reduced rapidly to $X in 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 625% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

Germany (X tons), Oman (X tons) and Russia (X tons) were the main suppliers of numerically controlled drilling machine imports to the United Arab Emirates, together accounting for 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to the United Arab Emirates, comprising 51% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.5% share of total imports. It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+58.5% per year) and the Netherlands (-25.6% per year).

Import Prices by Country

In 2021, the average numerically controlled drilling machine import price amounted to $X per ton, reducing by -23.4% against the previous year. Overall, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 66% against the previous year. 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 Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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