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

Market Size for In-Hand Motor Grinders, Sanders And Planers in the Middle East

In 2021, the Middle Eastern market for in-hand motor grinders, sanders and planers increased by 39% to $X, rising for the second consecutive year after five years of decline. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.6% against 2019 indices. 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 the Middle East

In value terms, production of in-hand motor grinders, sanders and planers reduced remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, production attained the peak level of $X, and then declined sharply in the following year.

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Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in the Middle East

Exports of in-hand motor grinders, sanders and planers dropped to X units in 2021, shrinking by -13.3% compared with 2020 figures. Total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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 +28.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 50%. Over the period under review, the exports of attained the maximum at X units in 2020, and then shrank in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers shrank to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.3% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 73% against the previous year. As a result, the exports attained 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 represented the main exporting country with an export of around X units, which amounted to 69% of total exports. It was distantly followed by Turkey (X units), creating 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. While the share of the United Arab Emirates (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-10.6 p.p.) displayed negative dynamics.

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

The United Arab Emirates, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates amounted to $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 the Middle East

For the third consecutive year, the Middle East recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 26% to X units in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.8% against 2018 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 35% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

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 in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X units) and Turkey (X units) represented the major importers of in-hand motor grinders, sanders and planers in the Middle East, together recording near 55% of total imports. Iraq (X units) ranks next in terms of the total imports with a 14% share, followed by Iran (13%) and Israel (9.6%). The following importers - Yemen (X units) and Qatar (X units) - each recorded a 4.1% share of total imports.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 70% of total imports.

Among the main importing countries, Israel, with a CAGR of +13.5%, recorded the highest rates of growth with regard to the value of imports, 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 the Middle East stood at $X per unit in 2021, surging by 12% against the previous year. In general, the import price, however, saw a pronounced setback. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

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