Middle East: Vertical Machining Centre Market 2020

Vertical Machining Centre Market Size in Middle East

The revenue of the vertical machining centre market in Middle East amounted to $X in 2017, waning by -X% against the previous year. The vertical machining centre consumption continues to indicate a deep descent. The pace of growth was the most pronounced in 2009, when market value increased by X% against the previous year. In that year, the vertical machining centre market attained their peak level of $X. From 2010 to 2017, growth of the vertical machining centre market stood at a somewhat lower level.

Vertical Machining Centre Production in Middle East

In 2017, the amount of vertical machining centres for working metal produced in Middle East stood at X units, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The volume of vertical machining centre production peaked in 2017, and is expected to retain its growth in the near future.

Vertical Machining Centre Exports in Middle East

In 2017, exports of vertical machining centres for working metal in Middle East totaled X units, increasing by X% against the previous year. The vertical machining centre exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2014, with an increase of X% y-o-y. The volume of exports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, vertical machining centre exports totaled $X in 2017. The vertical machining centre exports continue to indicate a slight growth. In that year, the vertical machining centre exports reached their peak level of $X. From 2016 to 2017, growth of the vertical machining centre exports stood at a somewhat lower level.

Vertical Machining Centre Export Prices by Country in Middle East

The vertical machining centre export price in Middle East stood at $X thousand per unit in 2017, approximately reflecting the previous year. The vertical machining centre export price continues to indicate a deep downturn. The growth pace was the most rapid in 2013, when the export prices increased by X% y-o-y. The level of export price peaked of $X thousand per unit in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($X thousand per unit), while Turkey ($X thousand 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.

Vertical Machining Centre Imports in Middle East

In 2017, vertical machining centre imports in Middle East totaled X units, reducing by -X% against the previous year. The vertical machining centre imports continue to indicate a measured descent. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. Over the period under review, the vertical machining centre imports attained its maximum volume of X units in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, vertical machining centre imports stood at $X in 2017. The vertical machining centre imports continue to indicate a relatively flat trend pattern. Over the period under review, the vertical machining centre imports reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Vertical Machining Centre Imports by Country in Middle East

Turkey was the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Israel (X units), achieving X% share of total imports. The following importers - Saudi Arabia (X units) and the United Arab Emirates (X units) each amounted to a X% share of total imports.

From 2007 to 2017, average annual rates of growth with regard to vertical machining centre imports into Turkey stood at -X%. At the same time, Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, the United Arab Emirates (-X%) and Israel (-X%) illustrated a downward trend over the same period. Turkey (X%) and Israel (X%) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported vertical machining centres for working metal in Middle East, making up X% of global imports. The second position in the ranking was occupied by Israel ($X), with a X% share of global imports. It was followed by Saudi Arabia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey stood at +X%. In the other countries, the average annual rates were as follows: Israel (-X% per year) and Saudi Arabia (-X% per year).

Vertical Machining Centre Import Prices by Country in Middle East

The vertical machining centre import price in Middle East stood at $X thousand per unit in 2017, coming up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the import prices for vertical machining centres for working metal attained their peak level, and is likely to continue its growth in the immediate term.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform