MENA: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in MENA

The MENA's non-numerically controlled lathe market skyrocketed to $X in 2022, surging by X% against the previous year. The total consumption indicated strong growth 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Numerically Controlled Lathe Production in MENA

In value terms, non-numerically controlled lathe production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed strong growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, non-numerically controlled laproduction attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Non-Numerically Controlled Lathe Exports

Exports in MENA

For the third year in a row, MENA recorded growth in shipments abroad of non-numerically controlled horizontal lathes, for removing metal, which increased by X% to X units in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled lathe exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Israel dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), making up a X% share of total exports.

Israel was also the fastest-growing in terms of the non-numerically controlled horizontal lathes, for removing metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. While the share of Israel (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest non-numerically controlled lathe supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, non-numerically controlled lathe exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 Israel amounted to $X per unit.

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

Non-Numerically Controlled Lathe Imports

Imports in MENA

Non-numerically controlled lathe imports soared to X units in 2022, surging by X% compared with the previous year. Total imports indicated a pronounced increase from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, non-numerically controlled lathe imports soared to $X in 2022. Overall, imports continue to indicate a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Iran (X units), mixing up a X% share of total imports. The United Arab Emirates (X units), Iraq (X units), Egypt (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-numerically controlled lathe imports into Turkey stood at X%. At the same time, Iraq (X%), Iran (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported non-numerically controlled horizontal lathes, for removing metal in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Turkey, non-numerically controlled lathe imports expanded 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 Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 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 Egypt ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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