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

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

The numerically controlled sharpening machine market in the United Arab Emirates fell rapidly to $X in 2022, reducing by -21.2% against the previous year. Overall, consumption, however, showed a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

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

In value terms, numerically controlled sharpening machine production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from the United Arab Emirates

After two years of growth, shipments abroad of numerically controlled sharpening machines for working metal decreased by -15.4% to X units in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 365%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, numerically controlled sharpening machine exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2013 with an increase of 242% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X units) was the main destination for numerically controlled sharpening machine exports from the United Arab Emirates, with a 55% share of total exports. Moreover, numerically controlled sharpening machine exports to Brunei Darussalam exceeded the volume sent to the second major destination, India (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Bahrain (0.0% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for numerically controlled sharpening machines for working metal exports from the United Arab Emirates, comprising 50% of total exports. The second position in the ranking was held by India ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-24.4% per year) and Bahrain (-44.4% per year).

Export Prices by Country

In 2022, the average numerically controlled sharpening machine export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 131% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+63.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into the United Arab Emirates

In 2022, imports of numerically controlled sharpening machines for working metal into the United Arab Emirates contracted remarkably to X units, with a decrease of -33.3% compared with 2021. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 868%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports shrank sharply to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2019 when imports increased by 1,115%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest numerically controlled sharpening machine supplier to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.3% per year) and Spain (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of numerically controlled sharpening machines for working metal to the United Arab Emirates, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and Spain (-12.7% per year).

Import Prices by Country

In 2022, the average numerically controlled sharpening machine import price amounted to $X per unit, dropping by -5.9% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 420% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+44.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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