Middle East: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in the Middle East

In 2023, the Middle Eastern machine-tool for working wood market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Machine-Tools For Working Wood in the Middle East

In value terms, machine-tool for working wood production surged to $X in 2023 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports in the Middle East

In 2023, overseas shipments of machine-tools for working wood increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports rose markedly to $X in 2023. Total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Turkey was the major exporter of machine-tools for working wood in the Middle East, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Palestine (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to machine-tool for working wood exports from Turkey stood at X%. At the same time, Palestine (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Palestine increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest machine-tool for working wood supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Palestine (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Palestine ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Machine-Tools For Working Wood

Imports in the Middle East

In 2023, supplies from abroad of machine-tools for working wood decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, machine-tool for working wood imports stood at $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X units) was the key importer of machine-tools for working wood, mixing up X% of total imports. It was distantly followed by the United Arab Emirates (X units), Iran (X units), Iraq (X units) and Israel (X units), together mixing up a X% share of total imports. The following importers - Bahrain (X units) and Kuwait (X units) - each recorded a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machine-tools for working wood in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, surging by X% against the previous year. Import price indicated a slight increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, machine-tool for working wood import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform