MENA: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in MENA

The MENA's wood milling machine market reached $X in 2023, leveling off at the previous year. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in MENA

In value terms, wood milling machine production expanded slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports in MENA

In 2023, shipments abroad of planing, milling or moulding machines increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, wood milling machine exports shrank modestly to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2023, Turkey (X units) was the main exporter of planing, milling or moulding machines, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2023, respectively.

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

In Turkey, wood milling machine exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, shrinking by X% against the previous year. Export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wood milling machine export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Wood Milling Machine Imports

Imports in MENA

In 2023, wood milling machine imports in MENA dropped markedly to X units, with a decrease of X% against 2022. Over the period under review, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, wood milling machine imports fell sharply to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Egypt represented the key importer of planing, milling or moulding machines in MENA, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by the United Arab Emirates (X units), Turkey (X units), Israel (X units), Iran (X units) and Iraq (X units), together creating a X% share of total imports. Algeria (X units) followed a long way behind the leaders.

Imports into Egypt increased at an average annual rate of X% from 2012 to 2023. At the same time, the United Arab Emirates (X%), Israel (X%), Turkey (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Iraq (X%) and Algeria (X%) illustrated a downward trend over the same period. Egypt (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq and Algeria saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MENA amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per unit), while Egypt ($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 import price figures.

Source: IndexBox Platform