MENA: Wood Slicing Machine Market 2023

Wood Slicing Machine Market Size in MENA

The MENA's wood slicing machine market rose rapidly to $X in 2021, increasing by 12% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Slicing Machine Production in MENA

In value terms, wood slicing machine production rose markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 37%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wood Slicing Machine Exports

Exports in MENA

In 2021, shipments abroad of splitting, slicing or paring machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a slight expansion. The pace of growth was the most pronounced in 2013 with an increase of 120% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, wood slicing machine exports surged to $X in 2021. In general, exports, however, recorded a noticeable contraction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and Turkey (X units) prevails in exports structure, together committing 75% of total exports. Lebanon (X units) ranks next in terms of the total exports with an 8% share, followed by Jordan (6.8%) and the United Arab Emirates (4.6%). Egypt (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of +21.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest wood slicing machine supplier in MENA, comprising 73% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports. It was followed by Saudi Arabia, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to -3.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.6% per year) and Saudi Arabia (+48.3% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, waning by -23.5% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 140%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+21.5%), while the other leaders experienced more modest paces of growth.

Wood Slicing Machine Imports

Imports in MENA

In 2021, overseas purchases of splitting, slicing or paring machines increased by 150% to X units, rising for the third consecutive year after four years of decline. In general, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2014 with an increase of 785%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, wood slicing machine imports shrank to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X units) was the main importer of splitting, slicing or paring machines in MENA, mixing up 97% of total import.

Qatar was also the fastest-growing in terms of the splitting, slicing or paring machines imports, with a CAGR of -2.4% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported splitting, slicing or paring machines in MENA.

In Qatar, wood slicing machine imports plunged by an average annual rate of -11.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, waning by -62.7% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2018 when the import price increased by 230%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Qatar.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to -9.6% per year.

Source: IndexBox Platform

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