Middle East: Diamonded Boring Tools Market 2020

Diamonded Boring Tools Market Size in Middle East

The revenue of the diamonded boring tools market in Middle East amounted to $X in 2017, going up by X% against the previous year. The diamonded boring tools consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The level of diamonded boring tools consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Diamonded Boring Tools Production in Middle East

The diamonded boring tools production totaled X units in 2017, therefore, remained relatively stable against the previous year. The diamonded boring tools production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% year-to-year. Over the period under review, the diamonded boring tools production attained its peak figure volume of X units in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Diamonded Boring Tools Exports in Middle East

In 2017, the amount of boring or broaching tools with working part of diamond exported in Middle East amounted to X units, coming down by -X% against the previous year. The diamonded boring tools exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. The volume of exports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, diamonded boring tools exports stood at $X in 2017. The diamonded boring tools exports continue to indicate a strong increase. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Diamonded Boring Tools Exports by Country in Middle East

Turkey was the key exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by the United Arab Emirates (X units), committing X% share of total exports.

Turkey was also the fastest growing in terms of the boring or broaching tools with working part of diamond exports, with a CAGR of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%) displayed positive paces of growth. The United Arab Emirates (-X%) and Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diamonded boring tools markets worldwide were Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total exports.

Turkey (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade.

Diamonded Boring Tools Export Prices by Country in Middle East

In 2017, the diamonded boring tools export price in Middle East amounted to $X per unit, jumping by X% against the previous year. The diamonded boring tools export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. In that year, the export prices for boring or broaching tools with working part of diamond reached their peak level of $X per unit. From 2012 to 2017, growth of the export prices for boring or broaching tools with working part of diamond failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year).

Diamonded Boring Tools Imports in Middle East

In 2017, approx. X units of boring or broaching tools with working part of diamond were imported in Middle East; increasing by X% against the previous year. The diamonded boring tools imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2012, when imports increased by X% y-o-y. In that year, the diamonded boring tools imports reached their peak volume of X units. From 2013 to 2017, growth of the diamonded boring tools imports failed to regain its momentum.

In value terms, diamonded boring tools imports amounted to $X in 2017. The total imports indicated a moderate growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the diamonded boring tools imports increased by +X% against 2015 indices. Over the period under review, the diamonded boring tools imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Diamonded Boring Tools Imports by Country in Middle East

In 2017, the United Arab Emirates (X units) was the major importer for boring or broaching tools with working part of diamond, creating X% of total imports. Turkey (X units) took a X% share (based on tons) of total imports, which put it in second place, followed by Iran (X%) and Israel (X%). Saudi Arabia (X units) occupied the slight share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported boring or broaching tools with working part of diamond in Middle East, making up X% of global imports. The second position in the ranking was occupied by Israel ($X), with a X% share of global imports. It was followed by Iran, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Turkey amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+X% per year) and Iran (-X% per year).

Diamonded Boring Tools Import Prices by Country in Middle East

In 2017, the diamonded boring tools import price in Middle East amounted to $X per unit, dropping by -X% against the previous year. The diamonded boring tools import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. The level of import price peaked of $X per unit in 2016, and then declined slightly in the following year.

Import prices varied noticeably by the country of destination; the country with the highest import price was Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform