Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia - 2022

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia (FOB) - 2022
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia (CIF) - 2022
3. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia
4. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia (FOB) - 2022

In 2021, the average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $46,518 per ton, falling by -22% against the previous year. In general, the export price, however, continues to indicate a perceptible increase. The growth pace was the most rapid in 2014 when the average export price increased by 103%. As a result, the export price reached the peak level of $64,050 per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,152,186 per ton), while the average price for exports to Germany ($125,117 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 the United Arab Emirates (+399.3%).

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia (CIF) - 2022

In 2021, the average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $40,786 per ton, surging by 24% against the previous year. Over the period under review, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 54%. Over the period under review, average import prices hit record highs at $44,629 per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($156,175 per ton), while the price for the United States stood at $24,692 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia

In 2022, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses from Saudi Arabia fell rapidly to 257 kg, reducing by -45% compared with 2021. Over the period under review, exports, however, showed a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 150%. As a result, the exports attained the peak of 467 kg, and then reduced markedly in the following year.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses contracted notably to $14K in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 95%. As a result, the exports reached the peak of $22K, and then contracted markedly in the following year.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Saudi Arabia in 2022:

1. United States (1225.0 kg)
2. Germany (955.0 kg)
3. United Arab Emirates (43.0 kg)

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Saudi Arabia

In 2021, the amount of machine-tools; parts and accessories, tool holders and self-opening dieheadses imported into Saudi Arabia contracted remarkably to 76 tons, which is down by -15.3% on the previous year's figure. In general, imports showed a sharp contraction.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses expanded remarkably to $3.1M in 2021. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Saudi Arabia in 2022:

1. United States (20.7 tons)
2. Germany (6.9 tons)

Source: IndexBox Market Intelligence Platform