United Arab Emirates: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in the United Arab Emirates

After three years of growth, the agricultural appliance market in the United Arab Emirates decreased by -52.8% to $X in 2021. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then shrank dramatically in the following year.

Agricultural Appliance Production in the United Arab Emirates

In value terms, agricultural appliance production expanded sharply to $X in 2021 estimated in export price. In general, production showed a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 570%. Agricultural appliance production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports from the United Arab Emirates

In 2021, agricultural appliance exports from the United Arab Emirates soared to X units, rising by 47% compared with 2020 figures. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 99.9%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, agricultural appliance exports soared to $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 135%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X units) was the main destination for agricultural appliance exports from the United Arab Emirates, with a 32% share of total exports. Moreover, agricultural appliance exports to Russia exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was held by Bulgaria (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+101.6% per year) and Bulgaria (+104.8% per year).

In value terms, Russia ($X) remains the key foreign market for agricultural appliances exports from the United Arab Emirates, comprising 29% of total exports. The second position in the ranking was held by Ukraine ($X), with a 13% share of total exports. It was followed by Hungary, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+32.1% per year) and Hungary (+57.6% per year).

Export Prices by Country

The average agricultural appliance export price stood at $X per unit in 2021, falling by -6.8% against the previous year. Overall, the export price, however, showed prominent growth. The growth pace was the most rapid in 2015 when the average export price increased by 79% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Appliance Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of agricultural appliances increased by 45% to X units, rising for the second consecutive year after three years of decline. In general, imports showed slight growth. The most prominent rate of growth was recorded in 2014 when imports increased by 156% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural appliance imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest agricultural appliance supplier to the United Arab Emirates, accounting for a 38% share of total imports. Moreover, agricultural appliance imports from the United States exceeded the figures recorded by the second-largest supplier, Greece (X units), twofold. India (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (-10.5% per year) and India (+30.8% per year).

In value terms, the United States ($X) constituted the largest supplier of agricultural appliances to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 6.1% share of total imports. It was followed by Greece, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+63.9% per year) and Greece (-8.3% per year).

Import Prices by Country

The average agricultural appliance import price stood at $X per unit in 2021, with a decrease of -6.9% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 an increase of 69%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform