GCC: Market for Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Numerically Controlled Drilling Machines For Working Metal in GCC

The GCC numerically controlled drilling machine market contracted sharply to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in GCC

In value terms, numerically controlled drilling machine production reduced to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports in GCC

Numerically controlled drilling machine exports surged to X units in 2022, rising by X% against the year before. In general, exports, however, showed a dramatic setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the major exporter of numerically controlled drilling machines for working metal, generating X% of total exports. Bahrain (X units) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to numerically controlled drilling machine exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest numerically controlled drilling machine supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, numerically controlled drilling machine exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a significant increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports in GCC

Numerically controlled drilling machine imports fell remarkably to X units in 2022, waning by X% compared with 2021 figures. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, numerically controlled drilling machine imports reduced remarkably to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Qatar was the key importer of numerically controlled drilling machines for working metal in GCC, with the volume of imports amounting to X units, which was near X% of total imports in 2022. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Bahrain (X units). All these countries together held near X% share of total imports. The following importers - Kuwait (X units) and Oman (X units) - each recorded a X% share of total imports.

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

In value terms, the largest numerically controlled drilling machine importing markets in GCC were Qatar ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of total imports. Bahrain and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bahrain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($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 a decline in the import price figures.

Source: IndexBox Platform

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