United Arab Emirates: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in the United Arab Emirates

In 2022, the market for turbo, rotary and reciporating displacement compressors in the United Arab Emirates increased by 1.3% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption, however, continues to indicate a mild decline. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from the United Arab Emirates

Exports of turbo, rotary and reciporating displacement compressors from the United Arab Emirates declined sharply to X units in 2022, waning by -29.5% against 2021. Overall, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 105% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors contracted to $X in 2022. In general, exports, however, recorded a measured increase. The growth pace was the most rapid in 2017 with an increase of 261% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Bahrain (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from the United Arab Emirates, accounting for a 36% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Bahrain exceeded the volume sent to the second major destination, Italy (X units), threefold. Niger (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain stood at +71.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+57.4% per year) and Niger (+82.2% per year).

In value terms, the UK ($X), the United States ($X) and Italy ($X) constituted the largest markets for turbo, rotary and reciporating displacement compressor exported from the United Arab Emirates worldwide, together comprising 28% of total exports. Bahrain, Niger, India, Germany, Singapore, Zimbabwe, Burundi and South Africa lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Burundi, with a CAGR of +141.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, with an increase of 27% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Bahrain ($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 Burundi (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into the United Arab Emirates

In 2022, after three years of growth, there was decline in overseas purchases of turbo, rotary and reciporating displacement compressors, when their volume decreased by -4.7% to X units. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 32%. Over the period under review, imports of attained the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors dropped modestly to $X in 2022. In general, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2019 when imports increased by 51% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest turbo, rotary and reciporating displacement compressor supplier to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, India (X units), sevenfold. Singapore (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.5% per year) and Singapore (+8.7% per year).

In value terms, China ($X), the United States ($X) and India ($X) appeared to be the largest turbo, rotary and reciporating displacement compressor suppliers to the United Arab Emirates, with a combined 42% share of total imports.

In terms of the main suppliers, India, with a CAGR of +18.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, picking up by 2.5% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 23% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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