Saudi Arabia: Overview of the Market for Machine-Tools For Working Any Material By Removal Of Material 2021

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 2020, 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 recorded buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

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

Exports from Saudi Arabia

In 2020, overseas shipments of machine-tools for working any material by removal of material decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Overall, exports recorded a sharp decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, exports reached the peak of X units. From 2014 to 2020, the growth exports failed to regain the momentum.

In value terms, machine-tool for removing material exports reduced markedly to $X in 2020. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2017 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Italy (X units) was the main destination for machine-tool for removing material exports from Saudi Arabia, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Italy amounted to -X%.

In value terms, Italy ($X) also remains the key foreign market for machine-tool for removing material exports from Saudi Arabia.

From 2007 to 2020, the average annual growth rate of value to Italy totaled -X%.

Export Prices by Country

In 2020, the average machine-tool for removing material export price amounted to $X per unit, declining by -X% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2007 to 2020, the rate of growth in terms of prices for Italy amounted to -X% per year.

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

Imports into Saudi Arabia

In 2020, supplies from abroad of machine-tools for working any material by removal of material increased by X% to X units, rising for the fourth year in a row after four years of decline. Overall, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2009 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2020. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Bahrain (X units) constituted the largest supplier of machine-tool for removing material to Saudi Arabia, accounting for a X% share of total imports. Moreover, machine-tool for removing material imports from Bahrain exceeded the figures recorded by the second-largest supplier, the U.S. (X units), more than tenfold. France (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Bahrain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (-X% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2020, growing by X% against the previous year. In general, the import price showed a notable increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Turkey ($X per unit), while the price for Bahrain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for working any material by removal of material in the world?

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The U.S. (200K units) remains the largest machine-tool for removing material consuming country worldwide, accounting for 22% of total volume. Moreover, machine-tool for removing material consumption in the U.S. exceeded the figures recorded by the second-largest consumer, China (91K units), twofold. Japan (87K units) ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of machine-tools for working any material by removal of material in the world?

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Germany (1.4M units) constituted the country with the largest volume of machine-tool for removing material production, comprising approx. 57% of total volume. Moreover, machine-tool for removing material production in Germany exceeded the figures recorded by the second-largest producer, China (279K units), fivefold. Singapore (117K units) ranked third in terms of total production with a 4.8% share.

What are the leading suppliers of machine-tools for working any material by removal of material to Saudi Arabia?

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In value terms, Turkey ($2.9M) constituted the largest supplier of machine-tool for removing material to Saudi Arabia, comprising 9.7% of total imports. The second position in the ranking was occupied by the U.S. ($485K), with a 1.6% share of total imports. It was followed by France, with a 0.3% share.

What are the leading importers of machine-tools for working any material by removal of material from Saudi Arabia?

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In value terms, Italy ($151) remains the key foreign market for machine-tool for removing material exports from Saudi Arabia.

What is the average export price for machine-tools for working any material by removal of material in Saudi Arabia?

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The average machine-tool for removing material export price stood at $11,977 per unit in 2020, falling by -8.5% against the previous year.

What is the average import price for machine-tools for working any material by removal of material in Saudi Arabia?

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The average machine-tool for removing material import price stood at $4,172 per unit in 2020, increasing by 13% against the previous year.