MENA: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in MENA

In 2021, the MENA's market for in-hand motor grinders, sanders and planers increased by 36% to $X, rising for the second consecutive year after five years of decline. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in MENA

In value terms, production of in-hand motor grinders, sanders and planers dropped sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in MENA

In 2021, approx. X units of in-hand motor grinders, sanders and planers were exported in MENA; which is down by -12.6% against the previous year's figure. Total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.7% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 48% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2020, and then reduced in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers declined to $X in 2021. In general, exports, however, saw a slight expansion. The pace of growth was the most pronounced in 2017 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X units, which reached 67% of total exports. It was distantly followed by Turkey (X units), constituting a 28% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the in-hand motor grinders, sanders and planers exports, with a CAGR of +6.6% from 2012 to 2021. Turkey experienced a relatively flat trend pattern. The United Arab Emirates (+13 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -9.8% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +4.6%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, with an increase of 1.6% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.9%).

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in MENA

In 2021, the amount of in-hand motor grinders, sanders and planers imported in MENA surged to X units, rising by 24% against the previous year's figure. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.4% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X units) and Turkey (X units) represented the key importers of in-hand motor grinders, sanders and planers in 2021, accounting for near 25% and 21% of total imports, respectively. Iraq (X units) took the next position in the ranking, followed by Iran (X units), Algeria (X units) and Israel (X units). All these countries together held approx. 39% share of total imports. Libya (X units) and Yemen (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Algeria (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 58% of total imports.

Israel, with a CAGR of +13.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, surging by 12% against the previous year. Overall, the import price, however, saw a noticeable downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :