United Arab Emirates: Cranks And Crankshafts Market 2024

Cranks And Crankshafts Market Size in the United Arab Emirates

The cranks and crankshafts market in the United Arab Emirates fell to $X in 2022, declining by -13.3% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then fell in the following year.

Cranks And Crankshafts Production in the United Arab Emirates

In value terms, cranks and crankshafts production dropped to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cranks And Crankshafts Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of cranks and crankshafts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cranks and crankshafts exports contracted slightly to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 60%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons), Singapore (X tons) and Hong Kong SAR (X tons) were the main destinations of cranks and crankshafts exports from the United Arab Emirates, with a combined 45% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +98.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Hong Kong SAR ($X) and India ($X) appeared to be the largest markets for cranks and crankshafts exported from the United Arab Emirates worldwide, with a combined 28% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +87.4%, 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

The average cranks and crankshafts export price stood at $X per ton in 2022, waning by -28.5% against the previous year. Over the period under review, export price indicated slight growth 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. The pace of growth appeared the most rapid in 2020 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Kazakhstan ($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 Iran (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks And Crankshafts Imports

Imports into the United Arab Emirates

In 2022, cranks and crankshafts imports into the United Arab Emirates totaled X tons, approximately mirroring 2021. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 -0.0% against 2020 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 27% against the previous year. Imports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, cranks and crankshafts imports fell modestly to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -18.3% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 48% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of cranks and crankshafts imports to the United Arab Emirates, together accounting for 56% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to the United Arab Emirates were India ($X), China ($X) and the United States ($X), with a combined 38% share of total imports. Germany, Japan, Singapore, Turkey, Spain and Canada lagged somewhat behind, together accounting for a further 19%.

Singapore, with a CAGR of +14.7%, saw the highest growth rate of 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

In 2022, the average cranks and crankshafts import price amounted to $X per ton, declining by -2.9% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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