GCC: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in GCC

The GCC wood drilling machine market dropped slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption posted a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Wood Drilling Machine Production in GCC

In value terms, wood drilling machine production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wood Drilling Machine Exports

Exports in GCC

Wood drilling machine exports surged to X units in 2022, growing by X% on 2021 figures. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, wood drilling machine exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X units), mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wood drilling machine exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates and Bahrain increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest wood drilling machine supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. Export price indicated a slight 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. Based on 2022 figures, wood drilling machine export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Wood Drilling Machine Imports

Imports in GCC

In 2022, supplies from abroad of drilling or morticing machines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kuwait (X units) represented the key importer of drilling or morticing machines, constituting X% of total imports. It was distantly followed by Qatar (X units), Oman (X units), the United Arab Emirates (X units) and Bahrain (X units), together comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wood drilling machine imports into Kuwait stood at X%. At the same time, Oman (X%), Qatar (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported drilling or morticing machines in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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