GCC: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in GCC

The GCC wood milling machine market reduced slightly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption saw a pronounced descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wood Milling Machine Production in GCC

In value terms, wood milling machine production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wood Milling Machine Exports

Exports in GCC

In 2022, overseas shipments of planing, milling or moulding machines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wood milling machine exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. Kuwait (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the planing, milling or moulding machines exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest wood milling machine supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, wood milling machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 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 Kuwait ($X per unit), while the United Arab Emirates totaled $X per unit.

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

Wood Milling Machine Imports

Imports in GCC

In 2022, wood milling machine imports in GCC was estimated at X units, with an increase of X% compared with the year before. Overall, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wood milling machine imports reduced dramatically to $X in 2022. In general, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of planing, milling or moulding machines in GCC, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Kuwait (X units) took the second position in the ranking, followed by Qatar (X units), Bahrain (X units) and Oman (X units). All these countries together took approx. X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) and Kuwait (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, Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Bahrain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported planing, milling or moulding machines in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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