United Arab Emirates: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the United Arab Emirates

The machine tool for metal market in the United Arab Emirates plummeted to $X in 2022, with a decrease 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, continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the United Arab Emirates

After two years of decline, overseas shipments of machine tools for working metal without removing metal increased by X% to X units in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, machine tool for metal exports surged to $X in 2022. In general, exports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), Nigeria (X units) and Portugal (X units) were the main destinations of machine tool for metal exports from the United Arab Emirates, together comprising X% of total exports. Ghana, Saudi Arabia, the UK, Jordan, Germany and Oman lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for machine tool for metal exported from the United Arab Emirates were Nigeria ($X), Saudi Arabia ($X) and Singapore ($X), with a combined X% share of total exports. Germany, the UK, Ghana, Portugal, Jordan and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Portugal ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the United Arab Emirates

Machine tool for metal imports into the United Arab Emirates shrank to X units in 2022, waning by X% compared with 2021. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, machine tool for metal imports shrank notably to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Italy (X units) were the main suppliers of machine tool for metal imports to the United Arab Emirates, with a combined X% share of total imports. The UK, Taiwan (Chinese), Germany and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machine tools for working metal without removing metal to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, waning by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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