Middle East: Shank Metal Milling Tools Market 2020

Shank Metal Milling Tools Market Size in Middle East

The revenue of the shank metal milling tools market in Middle East amounted to $X in 2017, falling by -X% against the previous year. The shank metal milling tools consumption continues to indicate a strong growth. The pace of growth was the most pronounced in 2013, when it surged by X% against the previous year. In that year, the shank metal milling tools market reached their peak level of $X. From 2014 to 2017, growth of the shank metal milling tools market failed to regain its momentum.

Shank Metal Milling Tools Production in Middle East

In 2017, the amount of shank type milling tools for working metal produced in Middle East totaled X units, standing approx. at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. Over the period under review, the shank metal milling tools production reached its peak figure volume in 2017, and is expected to retain its growth in the immediate term.

Shank Metal Milling Tools Exports in Middle East

In 2017, exports of shank type milling tools for working metal in Middle East amounted to X units, increasing by X% against the previous year. The shank metal milling tools exports continue to indicate a strong expansion. The growth pace was the most rapid in 2013, when exports increased by X% year-to-year. In that year, the shank metal milling tools exports attained their peak volume of X units. From 2014 to 2017, growth of the shank metal milling tools exports stood at a somewhat lower level.

In value terms, shank metal milling tools exports stood at $X in 2017. The shank metal milling tools exports continue to indicate a prominent growth. In that year, the shank metal milling tools exports reached their peak level of $X. From 2014 to 2017, growth of the shank metal milling tools exports stood at a somewhat lower level.

Shank Metal Milling Tools Export Prices by Country in Middle East

The shank metal milling tools export price in Middle East stood at $X per unit in 2017, waning by -X% against the previous year. The shank metal milling tools export price continues to indicate a significant expansion. The growth pace was the most rapid in 2013, when the export prices increased by X% against the previous year. In that year, the export prices for shank type milling tools for working metal reached their peak level of $X per unit. From 2014 to 2017, growth of the export prices for shank type milling tools for working metal stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Israel (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Shank Metal Milling Tools Imports in Middle East

In 2017, shank metal milling tools imports in Middle East amounted to X units, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014, when imports increased by X% against the previous year. Over the period under review, the shank metal milling tools imports reached its maximum volume of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, shank metal milling tools imports stood at $X in 2017. The total imports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the shank metal milling tools imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Shank Metal Milling Tools Imports by Country in Middle East

Turkey dominates shank metal milling tools imports structure, finishing at X units, which was near X% of total imports in 2017. Iran (X units) occupied the second position in the ranking, followed by the United Arab Emirates (X units), Saudi Arabia (X units) and Israel (X units). All these countries together occupied near X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to shank metal milling tools imports into Turkey stood at +X%. At the same time, the United Arab Emirates (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Iran (-X%) and Israel (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Israel and Iran increased by X% and X% percentage points, while Saudi Arabia (-X%), the United Arab Emirates (-X%) and Turkey (-X%) saw their share reduced.

In value terms, Turkey ($X) constitutes the largest market for imported shank type milling tools for working metal in Middle East, making up X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, shank metal milling tools imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Saudi Arabia (+X% per year).

Shank Metal Milling Tools Import Prices by Country in Middle East

The shank metal milling tools import price in Middle East stood at $X per unit in 2017, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013, an increase of X% y-o-y. In that year, the import prices for shank type milling tools for working metal reached their peak level of $X per unit. From 2014 to 2017, growth of the import prices for shank type milling tools for working metal stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Saudi Arabia ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform