United Arab Emirates: Shaft Coupling Market 2024

Shaft Coupling Market Size in the United Arab Emirates

The shaft coupling market in the United Arab Emirates reduced to $X in 2022, which is down by -5.6% against the previous year. Over the period under review, consumption recorded a pronounced contraction. Shaft coupling consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in the United Arab Emirates

In value terms, shaft coupling production declined sharply to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 70% against the previous year. Shaft coupling production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of clutches and shaft couplings decreased by -23.3% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 117%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, shaft coupling exports rose markedly to $X in 2022. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 151%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Zimbabwe (X tons) and Botswana (X tons) were the main destinations of shaft coupling exports from the United Arab Emirates, with a combined 37% share of total exports. The United States, Germany, Tanzania, Rwanda, Georgia, Belgium, Morocco, Burundi, Australia and South Africa lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +73.5%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Germany ($X) were the largest markets for shaft coupling exported from the United Arab Emirates worldwide, together comprising 40% of total exports. Botswana, Burundi, Zimbabwe, Belgium, Tanzania, Georgia, Australia, South Africa, Rwanda and Morocco lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Belgium, with a CAGR of +62.7%, recorded the highest growth rate of 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

The average shaft coupling export price stood at $X per ton in 2022, picking up by 43% against the previous year. In general, the export price, however, saw a abrupt downturn. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Zimbabwe ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into the United Arab Emirates

After three years of growth, supplies from abroad of clutches and shaft couplings decreased by -4% to X tons in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 98%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, shaft coupling imports declined to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 51%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of shaft coupling to the United Arab Emirates, with a 49% share of total imports. Moreover, shaft coupling imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.2% per year) and Italy (+8.9% per year).

In value terms, China ($X), Italy ($X) and the United States ($X) constituted the largest shaft coupling suppliers to the United Arab Emirates, with a combined 33% share of total imports. Germany, Japan, India, Singapore and Turkey lagged somewhat behind, together comprising a further 22%.

Singapore, with a CAGR of +21.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average shaft coupling import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 an increase of 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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