Saudi Arabia: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Saudi Arabia

The Saudi wood drilling machine market skyrocketed to $X in 2021, growing by 59% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Wood drilling machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in Saudi Arabia

In value terms, wood drilling machine production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. Wood drilling machine production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wood Drilling Machine Exports

Exports from Saudi Arabia

In 2021, approx. X units of drilling or morticing machines were exported from Saudi Arabia; increasing by 6.9% compared with the previous year. In general, exports, however, continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 480%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wood drilling machine exports surged to $X in 2021. Overall, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 194%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units), Bahrain (X units) and Switzerland (X units) were the main destinations of wood drilling machine exports from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +26.0%), while the other leaders experienced mixed trend patterns.

In value terms, Bahrain ($X) remains the key foreign market for wood drilling machine exports from Saudi Arabia, comprising 60% of total exports. The second position in the ranking was taken by Egypt ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain totaled -32.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-14.0% per year) and Switzerland (0.0% per year).

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, with an increase of 54% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 199%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Egypt ($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 India (+82.6%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Saudi Arabia

In 2021, approx. X units of drilling or morticing machines were imported into Saudi Arabia; remaining constant against 2020 figures. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 49%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports stood at $X in 2021. In general, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2015 with an increase of 61%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of wood drilling machine imports to Saudi Arabia, with a combined 95% share of total imports.

From 2021 to 2021, the biggest increases were in China (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of wood drilling machine to Saudi Arabia, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports. It was followed by Germany, with a 14% share.

From 2021 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Germany (0.0% per year).

Import Prices by Country

In 2021, the average wood drilling machine import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2015 an increase of 32% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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