MENA: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in MENA

The MENA's machine-tool for drilling market reduced markedly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, saw a resilient increase. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Machine-Tool For Drilling Production in MENA

In value terms, machine-tool for drilling production reduced markedly to $X in 2023 estimated in export price. In general, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Machine-Tool For Drilling Exports

Exports in MENA

After two years of decline, shipments abroad of machine-tools for drilling, boring or milling metal increased by X% to X units in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, machine-tool for drilling exports soared to $X in 2023. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Turkey (X units) and the United Arab Emirates (X units) represented the key exporters of machine-tools for drilling, boring or milling metal in MENA, together generating X% of total exports. Oman (X units) took the next position in the ranking, followed by Kuwait (X units). All these countries together took approx. X% share of total exports. Saudi Arabia (X units), Lebanon (X units) and Israel (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest machine-tool for drilling supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Machine-Tool For Drilling Imports

Imports in MENA

In 2023, the amount of machine-tools for drilling, boring or milling metal imported in MENA rose modestly to X units, surging by X% against 2022 figures. Over the period under review, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports soared to $X in 2023. Overall, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of machine-tool for drilling imports in 2023 were the United Arab Emirates (X units), Turkey (X units), Iraq (X units) and Egypt (X units), together accounting for X% of total import. It was distantly followed by Iran (X units), mixing up a X% share of total imports. The following importers - Morocco (X units), Israel (X units), Libya (X units), Algeria (X units), Tunisia (X units) and Kuwait (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported machine-tools for drilling, boring or milling metal in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Iran, with an X% share.

In Turkey, machine-tool for drilling imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iran (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, machine-tool for drilling import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform