United Arab Emirates: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in the United Arab Emirates

The metal threading machine market in the United Arab Emirates shrank to $X in 2021, dropping by -11.2% 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). Overall, consumption, however, continues to indicate a noticeable decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Metal Threading Machine Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of threading or tapping machines for working metal were finally on the rise to reach X units after two years of decline. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2018 when exports increased by 144%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal threading machine exports skyrocketed to $X in 2021. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal (X units), India (X units) and Oman (X units) were the main destinations of metal threading machine exports from the United Arab Emirates, together accounting for 93% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +100.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal threading machine exported from the United Arab Emirates were Senegal ($X), India ($X) and Oman ($X), together accounting for 97% of total exports. These countries were followed by Egypt and Tanzania, which together accounted for a further 0.5%.

In terms of the main countries of destination, Egypt, with a CAGR of +163.6%, recorded the highest growth rate of 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 metal threading machine export price amounted to $X per unit, surging by 139% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while the average price for exports to Tanzania ($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 Oman (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Threading Machine Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of threading or tapping machines for working metal increased by 24% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports recorded perceptible growth. The growth pace was the most rapid in 2014 when imports increased by 85% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal threading machine imports contracted modestly to $X in 2021. Overall, imports, however, saw a noticeable decline. The growth pace was the most rapid in 2014 with an increase of 93%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal threading machine to the United Arab Emirates, with a 59% share of total imports. Moreover, metal threading machine imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sevenfold. The third position in this ranking was held by the United States (X units), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.7% per year) and the United States (-15.3% per year).

In value terms, China ($X), the United States ($X) and Thailand ($X) were the largest metal threading machine suppliers to the United Arab Emirates, together accounting for 57% of total imports. India, Japan, Germany and Oman lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Japan, with a CAGR of +12.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, shrinking by -20.6% against the previous year. Overall, the import price saw a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by 9.2%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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