Saudi Arabia: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in Saudi Arabia

In 2021, the Saudi market for grinding, sanding and polishing machines increased by 3,697% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Grinding, Sanding and Polishing Machines in Saudi Arabia

In value terms, grinding, sanding and polishing machine production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 30%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Saudi Arabia

In 2021, the amount of grinding, sanding and polishing machines exported from Saudi Arabia soared to X units, increasing by 2,791% compared with 2020 figures. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 3,800%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 7,736%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), Bahrain (X units) and Egypt (X units) were the main destinations of grinding, sanding and polishing machine exports from Saudi Arabia, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +28.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for grinding, sanding and polishing machine exports from Saudi Arabia, comprising 85% of total exports. The second position in the ranking was held by Bahrain ($X), with a 7% share of total exports. It was followed by Pakistan, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+19.7% per year) and Pakistan (0.0% per year).

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, falling by -5.8% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 350%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Egypt ($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 Bahrain (-6.5%).

Imports of Grinding, Sanding and Polishing Machines

Imports into Saudi Arabia

In 2021, the amount of grinding, sanding and polishing machines imported into Saudi Arabia was estimated at X units, almost unchanged from the previous year's figure. Overall, imports saw a pronounced shrinkage. The growth pace was the most rapid in 2014 with an increase of 64%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, grinding, sanding and polishing machine imports amounted to $X in 2021. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by 11%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Saudi Arabia, accounting for a 71% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. Spain (X units) ranked third in terms of total imports with a 4.1% share.

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

In value terms, the largest grinding, sanding and polishing machine suppliers to Saudi Arabia were Italy ($X), China ($X) and the UK ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, 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 import price for grinding, sanding and polishing machines amounted to $X per unit, remaining stable against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Spain ($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 (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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