Middle East: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in the Middle East

The Middle Eastern non-numerically controlled sharpening machine market reached $X in 2022, growing 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. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in the Middle East

In value terms, non-numerically controlled sharpening machine production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in the Middle East

In 2022, shipments abroad of non-numerically controlled sharpening machines for working 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 appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel represented the key exporting country with an export of about X units, which recorded X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%). Bahrain (X units) and Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest non-numerically controlled sharpening machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In Turkey, non-numerically controlled sharpening machine exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (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, declining by X% against the previous year. Overall, the export price faced a deep downturn. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

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

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in the Middle East

In 2022, overseas purchases of non-numerically controlled sharpening machines for working metal increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. Overall, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) represented the main importer of non-numerically controlled sharpening machines for working metal in the Middle East, creating X% of total import.

Turkey was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in the Middle East.

In Turkey, non-numerically controlled sharpening machine imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Source: IndexBox Platform

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