United Arab Emirates: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in the United Arab Emirates

The wood drilling machine market in the United Arab Emirates was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption saw a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Wood Drilling Machine Production in the United Arab Emirates

In value terms, wood drilling machine production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Wood drilling machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Wood Drilling Machine Exports

Exports from the United Arab Emirates

In 2022, approx. X units of drilling or morticing machines were exported from the United Arab Emirates; rising by X% compared with the previous year's figure. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, wood drilling machine exports surged to $X in 2022. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Oman (X units) was the main destination for wood drilling machine exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, wood drilling machine exports to Oman exceeded the volume sent to the second major destination, Bahrain (X units), threefold. Maldives (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Oman totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

In value terms, Oman ($X), Saudi Arabia ($X) and Turkey ($X) appeared to be the largest markets for wood drilling machine exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Qatar, Kuwait, Bahrain, Maldives, the UK, Jordan, Bangladesh, Uganda and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Bahrain, 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

In 2022, the average wood drilling machine export price amounted to $X per unit, growing by X% against the previous year. Overall, export price indicated a remarkable 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 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Wood Drilling Machine Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of drilling or morticing machines were finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a pronounced descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, wood drilling machine imports skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of wood drilling machine to the United Arab Emirates, accounting for a X% share of total imports. Moreover, wood drilling machine imports from India exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest wood drilling machine suppliers to the United Arab Emirates were Italy ($X), India ($X) and China ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Austria ($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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