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Middle East - Machine Tools for Working Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMiddle East: Market for Machine Tools For Working Metal 2024
Market Size for Machine Tools For Working Metal in the Middle East
The Middle Eastern machine-tool for working metal market declined remarkably to $X in 2022, reducing by X% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.
Production of Machine Tools For Working Metal in the Middle East
In value terms, machine-tool for working metal production declined remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.
Exports of Machine Tools For Working Metal
Exports in the Middle East
In 2022, shipments abroad of machine tools for working metal increased by X% to X units, rising for the sixth year in a row after four years of decline. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, machine-tool for working metal exports surged to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.
Exports by Country
In 2022, Turkey (X units) represented the key exporter of machine tools for working metal in the Middle East, creating X% of total export.
Turkey was also the fastest-growing in terms of the machine tools for working metal exports, with a CAGR of X% from 2012 to 2022. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Turkey ($X) also remains the largest machine-tool for working metal supplier in the Middle East.
In Turkey, machine-tool for working metal exports expanded at an average annual rate of X% over the period from 2012-2022.
Export Prices by Country
In 2022, the export price in the Middle East amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.
Imports of Machine Tools For Working Metal
Imports in the Middle East
In 2022, approx. X units of machine tools for working metal were imported in the Middle East; which is down by X% on 2021 figures. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.
In value terms, machine-tool for working metal imports rose significantly to $X in 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, the United Arab Emirates (X units) and Turkey (X units) represented the largest importers of machine tools for working metal in the Middle East, together accounting for near X% of total imports. Iraq (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%). Qatar (X units), Kuwait (X units) and Bahrain (X units) took a relatively small share of total imports.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.
In value terms, Turkey ($X) constitutes the largest market for imported machine tools for working metal in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).
Import Prices by Country
In 2022, the import price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine-tool for working metal import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for machine-tool for working metal in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
- Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
- Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
- Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
- Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
- Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
- Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
- Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
- Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
- Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
- Prodcom 28413330 -
- Prodcom 28413340 -
- Prodcom 28413370 -
- Prodcom 28413380 -
Country coverage:
- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in the Middle East, split by region and country
- Trade (exports and imports) in the Middle East
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Iran
- Iraq
- Israel
- Jordan
- Kuwait
- Lebanon
- Oman
- Palestine
- Qatar
- Saudi Arabia
- Syrian Arab Republic
- Turkey
- United Arab Emirates
- Yemen
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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