MENA: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in MENA

The MENA's wood drilling machine market declined to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, enjoyed measured growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Wood Drilling Machine Production in MENA

In value terms, wood drilling machine production contracted to $X in 2022 estimated in export price. In general, production, however, posted a measured expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports in MENA

In 2022, exports of drilling or morticing machines in MENA fell to X units, declining by X% compared with the previous year's figure. Overall, exports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, wood drilling machine exports surged to $X in 2022. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Turkey was the main exporter of drilling or morticing machines in MENA, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), creating a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, wood drilling machine exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($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 the United Arab Emirates (X%).

Wood Drilling Machine Imports

Imports in MENA

Wood drilling machine imports expanded remarkably to X units in 2022, growing by X% against the previous year. Overall, imports recorded a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports surged to $X in 2022. Total imports indicated a slight expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the key importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Kuwait (X units), Qatar (X units), Algeria (X units), Oman (X units) and Tunisia (X units), together achieving a X% share of total imports. The United Arab Emirates (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported drilling or morticing machines in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In Turkey, wood drilling machine imports increased at 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: the United Arab Emirates (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs 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 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 Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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