
Saudi Arabia - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights
Saudi Arabia: Wood Bending Machine Market 2022
Wood Bending Machine Market Size in Saudi Arabia
In 2021, after two years of growth, there was significant decline in the Saudi wood bending machine market, when its value decreased by -64.7% to $X. In general, consumption recorded a pronounced downturn. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.
Wood Bending Machine Production in Saudi Arabia
In value terms, wood bending machine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.
Wood Bending Machine Exports
Exports from Saudi Arabia
After two years of decline, shipments abroad of bending or assembling machines increased by 594% to X units in 2021. In general, exports posted strong growth. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.
In value terms, wood bending machine exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.
Exports by Country
The United Arab Emirates (X units) was the main destination for wood bending machine exports from Saudi Arabia, accounting for a 85% share of total exports. Moreover, wood bending machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X units), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+900.0% per year) and Jordan (0.0% per year).
In value terms, Jordan ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the largest markets for wood bending machine exported from Saudi Arabia worldwide, with a combined 99.9% share of total exports.
In terms of the main countries of destination, Kuwait, with a CAGR of +1,620.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average wood bending machine export price stood at $X per unit in 2021, with an increase of 71% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 118%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Jordan ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+81.4%), while the prices for the other major destinations experienced mixed trend patterns.
Wood Bending Machine Imports
Imports into Saudi Arabia
In 2021, approx. X units of bending or assembling machines were imported into Saudi Arabia; which is down by -94.8% compared with 2020 figures. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020, and then fell significantly in the following year.
In value terms, wood bending machine imports dropped rapidly to $X in 2021. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 63% against the previous year. Imports peaked at $X in 2020, and then contracted remarkably in the following year.
Imports by Country
China (X units), Italy (X units) and Germany (X units) were the main suppliers of wood bending machine imports to Saudi Arabia, with a combined 77% share of total imports. San Marino, India, Lebanon, Pakistan, Latvia, Egypt, Turkey and New Zealand lagged somewhat behind, together accounting for a further 18%.
From 2014 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by San Marino (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest wood bending machine suppliers to Saudi Arabia, together accounting for 88% of total imports.
China, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average wood bending machine import price amounted to $X per unit, leveling off at the previous year. In general, the import price recorded slight growth. The most prominent rate of growth was recorded in 2016 an increase of 5.7%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the wood bending machine market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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