United Arab Emirates: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the United Arab Emirates

The construction equipment blade market in the United Arab Emirates contracted dramatically to $X in 2022, which is down by -47.2% against the previous year. In general, consumption, however, showed a modest increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Production in the United Arab Emirates

In value terms, construction equipment blade production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Construction Equipment Blade Exports

Exports from the United Arab Emirates

In 2022, approx. X units of blades for construction equipment were exported from the United Arab Emirates; reducing by -27.1% against 2021 figures. Overall, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 118% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, construction equipment blade exports dropped to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 223%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X units) was the main destination for construction equipment blade exports from the United Arab Emirates, with a 36% share of total exports. Moreover, construction equipment blade exports to Australia exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The third position in this ranking was held by Belgium (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.5% per year) and Belgium (+23.5% per year).

In value terms, Australia ($X) emerged as the key foreign market for blades for construction equipment exports from the United Arab Emirates, comprising 43% of total exports. The second position in the ranking was held by Niger ($X), with an 8.2% share of total exports. It was followed by Belgium, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (0.0% per year) and Belgium (+0.8% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, increasing by 18% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction equipment blade export price decreased by -3.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per unit), while the average price for exports to Tanzania ($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 Saudi Arabia (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports into the United Arab Emirates

Construction equipment blade imports into the United Arab Emirates fell markedly to X units in 2022, with a decrease of -57.1% compared with 2021. Over the period under review, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 813%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports shrank sharply to $X in 2022. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 457%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X units), the United States (X units) and the Netherlands (X units) were the main suppliers of construction equipment blade imports to the United Arab Emirates, with a combined 64% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +66.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and the Netherlands ($X) constituted the largest construction equipment blade suppliers to the United Arab Emirates, together comprising 72% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +71.6%, recorded 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

In 2022, the average construction equipment blade import price amounted to $X per unit, with an increase of 37% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+54.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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