Middle East: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in the Middle East

The Middle Eastern metal broaching machine market dropped to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X.6B. From 2020 to 2022, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in the Middle East

In value terms, metal broaching machine production dropped to $X.5B in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X.5B. From 2020 to 2022, production growth failed to regain momentum.

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Metal Broaching Machine Exports

Exports in the Middle East

After four years of growth, shipments abroad of broaching machines for working metal decreased by X% to X units in 2022. In general, exports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, metal broaching machine exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Israel represented the largest exporting country with an export of about X units, which resulted at X% of total exports. The United Arab Emirates (X units) held the second position in the ranking, followed by Turkey (X units). All these countries together held near X% share of total exports. The following exporters - Lebanon (X units) and Oman (X units) - each finished at a X% share of total exports.

Exports from Israel 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 the Middle East, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, Lebanon (X%) and Turkey (X%) illustrated a downward trend over the same period. Israel (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Lebanon 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, Israel ($X) emerged as the largest metal broaching machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, saw a drastic downturn. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, 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 ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Metal Broaching Machine Imports

Imports in the Middle East

In 2022, metal broaching machine imports in the Middle East contracted notably to X units, declining by X% against 2021 figures. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, metal broaching machine imports contracted sharply to $X in 2022. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the largest importing country with an import of about X units, which reached X% of total imports. Iran (X units) held the second position in the ranking, distantly followed by the United Arab Emirates (X units) and Kuwait (X units). All these countries together took approx. X% share of total imports. Bahrain (X units), Israel (X units) and Iraq (X units) held a little share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of broaching machines for working metal. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Kuwait (X%), Iraq (X%), the United Arab Emirates (X%) and Israel (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Iran increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported broaching machines for working metal in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by Israel, with an X% share.

In Turkey, metal broaching machine imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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