MENA: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in MENA

After four years of growth, the MENA's grinding and sharpening machine market decreased by X% to $X in 2022. Overall, consumption, however, saw strong growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced modestly in the following year.

Production of Grinding And Sharpening Metal Finishing Machines in MENA

In value terms, grinding and sharpening machine production amounted to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports in MENA

In 2022, overseas shipments of grinding and sharpening metal finishing 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 a modest increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, grinding and sharpening machine exports surged to $X in 2022. Total exports indicated a pronounced 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the major exporter of grinding and sharpening metal finishing machines in MENA, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Israel (X units), Kuwait (X units) and the United Arab Emirates (X units), together achieving a X% share of total exports. The following exporters - Bahrain (X units) and Lebanon (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine exports from Turkey stood at X%. At the same time, Kuwait (X%), Lebanon (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Kuwait (X p.p.), Bahrain (X p.p.) and Lebanon (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest grinding and sharpening machine supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

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. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Imports of Grinding And Sharpening Metal Finishing Machines

Imports in MENA

In 2022, after two years of growth, there was significant decline in purchases abroad of grinding and sharpening metal finishing machines, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, grinding and sharpening machine imports surged to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the largest importer of grinding and sharpening metal finishing machines in MENA, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Tunisia (X units) ranks second in terms of the total imports with a X% share, followed by Bahrain (X%) and the United Arab Emirates (X%). The following importers - Kuwait (X units), Morocco (X units) and Israel (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to grinding and sharpening machine imports into Turkey stood at X%. At the same time, Kuwait (X%), Bahrain (X%), Tunisia (X%), Morocco (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. Bahrain (X p.p.), Tunisia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Israel and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported grinding and sharpening metal finishing machines in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, faced a deep setback. 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 Israel ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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