United Arab Emirates: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in the United Arab Emirates

In 2022, the agricultural forestry machinery market in the United Arab Emirates decreased by -10.9% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in the United Arab Emirates

In value terms, agricultural forestry machinery production dropped to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.4% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a tangible expansion. The growth pace was the most rapid in 2015 with an increase of 855%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports soared to $X in 2022. In general, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 264% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for agricultural forestry machinery exports from the United Arab Emirates, with a 74% share of total exports. Moreover, agricultural forestry machinery exports to Mozambique exceeded the volume sent to the second major destination, Tanzania (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Mozambique stood at +75.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+24.1% per year) and France (+36.9% per year).

In value terms, Mozambique ($X) emerged as the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from the United Arab Emirates, comprising 78% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique amounted to +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+22.7% per year) and France (+35.6% per year).

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, which is down by -18.2% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 108%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Tanzania ($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 Iran (+90.6%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into the United Arab Emirates

Agricultural forestry machinery imports into the United Arab Emirates contracted markedly to X units in 2022, declining by -49.1% compared with the previous year. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 236% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, agricultural forestry machinery imports declined significantly to $X in 2022. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Greece (X units), Japan (X units) and the Netherlands (X units) were the main suppliers of agricultural forestry machinery imports to the United Arab Emirates, with a combined 58% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +76.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to the United Arab Emirates, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 5.7% share of total imports. It was followed by Japan, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.2% per year) and Japan (+26.7% per year).

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, with an increase of 57% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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