GCC: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in GCC

The GCC horizontal machining centre market was estimated at $X.3B in 2022, stabilizing at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X.8B. From 2014 to 2022, the growth of the market remained at a lower figure.

Horizontal Machining Centre Production in GCC

In value terms, horizontal machining centre production stood at $X.9B in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X.8B. From 2014 to 2022, production growth failed to regain momentum.

Horizontal Machining Centre Exports

Exports in GCC

Horizontal machining centre exports rose markedly to X units in 2022, with an increase of X% on the year before. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, horizontal machining centre exports shrank significantly to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the key exporter of horizontal machining centres for working metal, making up X% of total exports. Kuwait (X units) took the second position in the ranking, followed by Saudi Arabia (X units). All these countries together took approx. X% share of total exports. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the horizontal machining centres for working metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports in GCC

In 2022, the amount of horizontal machining centres for working metal imported in GCC dropped dramatically to X units, with a decrease of X% against 2021 figures. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, horizontal machining centre imports shrank sharply to $X in 2022. In general, imports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Oman (X units), Qatar (X units) and Kuwait (X units), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to horizontal machining centre imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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