GCC: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in GCC

The GCC lathe for removing metal market dropped remarkably to $X in 2022, reducing by X% against the previous year. In general, consumption, however, showed a pronounced decrease. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Lathes For Removing Metal in GCC

In value terms, lathe for removing metal production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, lafor removing metal production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports in GCC

After three years of decline, shipments abroad of lathes for removing metal increased by X% to X units in 2022. Over the period under review, exports saw notable growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lathe for removing metal exports contracted to $X in 2022. Overall, exports saw a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the lafor removing metal exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Qatar (X units), comprising a X% share of total exports. Oman (X units) and Kuwait (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lathe for removing metal exports from 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 exporter exported 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 Qatar (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest lathe for removing metal supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. 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 stood at X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, showed tangible growth. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Imports of Lathes For Removing Metal

Imports in GCC

In 2022, approx. X units of lathes for removing metal were imported in GCC; picking up by X% compared with 2021. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports declined rapidly to $X in 2022. Overall, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, lafor removing metal imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait represented the largest importer of lathes for removing metal in GCC, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), constituting a X% share of total imports. Qatar (X units) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the lathes for removing metal imports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait increased by X percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lathes for removing metal in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports.

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 Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, dropping by X% against the previous year. In general, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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