Saudi Arabia: Market for Machine-Tools For Working Any Material By Removal Of Material 2022

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Saudi Arabia

The Saudi machine-tool for removing material market skyrocketed to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. Machine-tool for removing material consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Saudi Arabia

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from Saudi Arabia; which is down by -X% on the previous year's figure. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then dropped markedly in the following year.

In value terms, machine-tool for removing material exports soared to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for machine-tool for removing material exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, machine-tool for removing material exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fourfold. The third position in this ranking was occupied by the United States (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and the United States (+X% per year).

In value terms, the UK ($X) emerged as the key foreign market for machine-tool for removing material exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and the United Arab Emirates (+X% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United States (-X%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Saudi Arabia

In 2021, overseas purchases of machine-tools for working any material by removal of material increased by X% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, machine-tool for removing material imports declined to $X in 2021. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

Poland (X units), China (X units) and Turkey (X units) were the main suppliers of machine-tool for removing material imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Poland (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machine-tool for removing material to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Turkey (-X% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per unit), while the price for Slovakia ($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 (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform