GCC: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in GCC

The GCC metal broaching machine market declined to $X.8B in 2022, falling by X% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X.6B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Broaching Machine Production in GCC

In value terms, metal broaching machine production shrank to $X.3B in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X.1B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Broaching Machine Exports

Exports in GCC

In 2022, metal broaching machine exports in GCC surged to X units, rising by X% compared with 2021 figures. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, metal broaching machine exports shrank sharply to $X in 2022. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the main exporter of broaching machines for working metal, committing X% of total exports. It was distantly followed by Oman (X units), committing an X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the broaching machines for working metal exports, with a CAGR of X% from 2012 to 2022. Oman experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

In value terms, the largest metal broaching machine supplying countries in GCC were the United Arab Emirates ($X) and Oman ($X).

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, waning by X% against the previous year. Overall, the export price faced a sharp downturn. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Metal Broaching Machine Imports

Imports in GCC

Metal broaching machine imports declined dramatically to X units in 2022, with a decrease of X% compared with 2021 figures. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, metal broaching machine imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Kuwait (X units) and Bahrain (X units) represented roughly X% of total imports in 2022. It was distantly followed by Oman (X units), creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported broaching machines for working metal in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, metal broaching machine imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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