Middle East: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in the Middle East

The Middle Eastern lathe for removing metal market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a perceptible setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Lathes For Removing Metal in the Middle East

In value terms, lathe for removing metal production shrank notably to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Lathes For Removing Metal

Exports in the Middle East

In 2022, overseas shipments of lathes for removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports. The following exporters - Qatar (X units), Iran (X units) and Israel (X units) - together made up X% of total exports.

Turkey was also the fastest-growing in terms of the lathes for removing metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%), Qatar (X%) and the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Qatar 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 ($X) remains the largest lathe for removing metal supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Iran, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, posted a temperate increase. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 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 the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in the Middle East

In 2022, lathe for removing metal imports in the Middle East rose notably to X units, with an increase of X% on 2021 figures. Total imports indicated a strong expansion 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 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, lathe for removing metal imports rose remarkably to $X in 2022. Total imports indicated a pronounced expansion 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, lafor removing metal imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Turkey was the largest importer of lathes for removing metal in the Middle East, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Kuwait (X units) took the second position in the ranking, distantly followed by the United Arab Emirates (X units) and Iran (X units). All these countries together held near X% share of total imports. Israel (X units), Iraq (X units) and Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported lathes for removing metal in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, lathe for removing metal imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the import price recorded a mild downturn. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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