United Arab Emirates: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in the United Arab Emirates

In 2021, the wood milling machine market in the United Arab Emirates increased by 4.7% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, continues to indicate a strong expansion. Wood milling machine consumption peaked in 2021 and is expected to retain growth in the near future.

Wood Milling Machine Production in the United Arab Emirates

In value terms, wood milling machine production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of 122%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wood Milling Machine Exports

Exports from the United Arab Emirates

In 2021, approx. X units of planing, milling or moulding machines were exported from the United Arab Emirates; which is down by -3.9% compared with 2020 figures. In general, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2017 when exports increased by 114% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 54%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X units), India (X units) and Mozambique (X units) were the main destinations of wood milling machine exports from the United Arab Emirates, together accounting for 71% of total exports. Seychelles, Oman, Rwanda and Kuwait lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Rwanda (with a CAGR of +37.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), India ($X) and Oman ($X) constituted the largest markets for wood milling machine exported from the United Arab Emirates worldwide, together comprising 86% of total exports. These countries were followed by Rwanda, Seychelles, Kuwait and Mozambique, which together accounted for a further 9.2%.

In terms of the main countries of destination, Rwanda, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood milling machine export price amounted to $X per unit, jumping by 43% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2014 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, 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 Saudi Arabia ($X per unit), while the average price for exports to Mozambique ($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 Rwanda (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of planing, milling or moulding machines increased by 0.1% to X units, rising for the third consecutive year after three years of decline. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 92% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, wood milling machine imports surged to $X in 2021. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 94% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wood milling machine to the United Arab Emirates, with a 68% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sevenfold. The third position in this ranking was taken by Germany (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+26.9% per year) and Germany (+10.6% per year).

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to the United Arab Emirates, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.0% per year) and Italy (+3.7% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, rising by 53% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood milling machine import price increased by +76.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 78%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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