Store - Metal-Forming Machinery And Machine Tools
The MENA's metal threading machine market rose significantly to $14M in 2023, with an increase of 7.4% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $17M in 2017; however, from 2018 to 2023, consumption remained at a lower figure.
The CIS metal threading machine market surged to $22M in 2023, with an increase of 74% against the previous year. In general, consumption continues to indicate modest growth. As a result, consumption attained the peak level of $130M. From 2016 to 2023, the growth of the market failed to regain momentum.
In 2023, the Asian metal threading machine market decreased by -1.2% to $244M, falling for the second consecutive year after four years of growth. Overall, consumption showed a mild descent. Over the period under review, the market hit record highs at $289M in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
The West African metal threading machine market surged to $5.5M in 2023, rising by 561% against the previous year. Overall, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
The Asia-Pacific metal threading machine market rose slightly to $238M in 2023, surging by 1.6% against the previous year. Overall, consumption continues to indicate a slight decline. Over the period under review, the market hit record highs at $278M in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
In 2023, after three years of growth, there was significant decline in the Benelux metal threading machine market, when its value decreased by -30.6% to $12M. Over the period under review, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $17M, and then contracted notably in the following year.
The SADC metal threading machine market declined significantly to $1.9M in 2023, falling by -54.1% against the previous year. In general, consumption showed a pronounced descent. The level of consumption peaked at $4.1M in 2013; however, from 2014 to 2023, consumption remained at a lower figure.
The ECOWAS metal threading machine market soared to $5.5M in 2023, picking up by 562% against the previous year. Overall, consumption posted significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
In 2023, after two years of growth, there was significant decline in the GCC metal threading machine market, when its value decreased by -15.5% to $2.5M. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $4.4M in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.