United Arab Emirates: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in the United Arab Emirates

After three years of growth, the machine-tool for working metal market in the United Arab Emirates decreased by X% to $X in 2022. In general, consumption showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from the United Arab Emirates

In 2022, overseas shipments of machine tools for working metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, machine-tool for working metal exports soared to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units), Qatar (X units) and Saudi Arabia (X units) were the main destinations of machine-tool for working metal exports from the United Arab Emirates, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Azerbaijan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X) emerged as the key foreign market for machine tools for working metal exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into the United Arab Emirates

In 2022, supplies from abroad of machine tools for working metal decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, machine-tool for working metal imports reduced markedly to $X in 2022. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for working metal supplier to the United Arab Emirates, with a X% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, 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: India (X% per year) and Italy (X% per year).

In value terms, China ($X), Italy ($X) and South Korea ($X) constituted the largest machine-tool for working metal suppliers to the United Arab Emirates, with a combined X% share of total imports. India, Turkey, Germany, the United States, the Netherlands, the UK, South Africa, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Africa, with a CAGR of X%, 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 2022, the average machine-tool for working metal import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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