Average Price of Metal Sawing Machine Imports in Qatar Surges by 55%

Average Price of Metal Sawing Machine Imports in Qatar Surges by 55%

In June 2023, the average price of metal sawing machines imported into Qatar reached $617 per unit, reflecting a significant increase of 55% compared to the previous month. The import price experienced robust growth during the period under review, with the most rapid escalation occurring in May 2023, when the average import price surged by 88% on a monthly basis. Despite reaching a peak of $5,766 per unit in December 2022, import prices failed to regain momentum from January to June 2023. The prices of metal sawing machines varied depending on their country of origin, with Italy having the highest price of $983 per unit, while Turkey offered the lowest price of $479 per unit. Notably, China witnessed the most notable rate of price growth at 4.7% from June 2022 to June 2023, while other major suppliers experienced more modest increases. In terms of imports, Qatar observed a decline of -83.1% in June 2023, with overseas purchases of sawing or cutting-off machines for working metal amounting to 231 units. This marked the end of a four-month rising trend. Nonetheless, overall import volumes displayed a strong growth trend, with a significant increase of 3,153% in April 2023. May 2023 recorded the highest imports at 1.4K units, followed by a notable decline in the subsequent month. In value terms, metal sawing machine imports in June 2023 amounted to $142K, representing a substantial decrease compared to the previous month. However, imports demonstrated a buoyant expansion over the period, with the most significant rate of growth recorded in May 2023 at 365%. Turkey was the largest supplier to Qatar, accounting for 72% of total imports with 167 units, surpassing Italy threefold, as the second-largest supplier with 63 units. In summary, the average price of metal sawing machine imports in Qatar surged by 55%, reaching $617 per unit in June 2023. While import volumes experienced a decline in the same period, overall import prices demonstrated a robust growth trend.

Source: IndexBox Market Intelligence Platform

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