United Arab Emirates: Magnetic Card Market 2025

Magnetic Card Market Size in the United Arab Emirates

In 2021, after three years of decline, there was significant growth in the magnetic card market in the United Arab Emirates, when its value increased by 165% to $X. In general, consumption enjoyed a moderate increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Magnetic Card Production in the United Arab Emirates

In value terms, magnetic card production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 62% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Magnetic Card Exports

Exports from the United Arab Emirates

In 2021, magnetic card exports from the United Arab Emirates declined notably to X units, with a decrease of -67.2% against the year before. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 223%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, magnetic card exports dropped to $X in 2021. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 61%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units) was the main destination for magnetic card exports from the United Arab Emirates, accounting for a 36% share of total exports. Moreover, magnetic card exports to Spain exceeded the volume sent to the second major destination, Pakistan (X units), sixfold. Germany (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (-15.1% per year) and Germany (-32.3% per year).

In value terms, Pakistan ($X) remains the key foreign market for cards incorporating a magnetic stripe exports from the United Arab Emirates, comprising 29% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Vietnam, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Pakistan stood at +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.3% per year) and Vietnam (+143.9% per year).

Export Prices by Country

In 2021, the average magnetic card export price amounted to $X per unit, with an increase of 184% against the previous year. In general, the export price posted significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Saudi Arabia ($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 Vietnam (+90.1%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Card Imports

Imports into the United Arab Emirates

In 2021, after two years of decline, there was significant growth in purchases abroad of cards incorporating a magnetic stripe, when their volume increased by 6.2% to X units. Over the period under review, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2013 with an increase of 218%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, magnetic card imports shrank to $X in 2021. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 230%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), India (X units) and China (X units) were the main suppliers of magnetic card imports to the United Arab Emirates, with a combined 15% share of total imports. These countries were followed by France, Austria, the United States and Australia, which together accounted for a further 7%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +143.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of cards incorporating a magnetic stripe to the United Arab Emirates, comprising 71% of total imports. The second position in the ranking was held by Australia ($X), with a 5.5% share of total imports. It was followed by France, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+31.2% per year) and France (+30.5% per year).

Import Prices by Country

In 2021, the average magnetic card import price amounted to $X per unit, dropping by -18.5% against the previous year. In general, the import price, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 an increase of 144% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 China (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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