United Arab Emirates: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in the United Arab Emirates

The electric soldering iron market in the United Arab Emirates rose rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate a resilient increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Soldering Iron Production in the United Arab Emirates

In value terms, electric soldering iron production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in years to come.

Electric Soldering Iron Exports

Exports from the United Arab Emirates

After two years of decline, shipments abroad of electric soldering irons and guns increased by X% to X units in 2022. Overall, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric soldering iron exports soared to $X in 2022. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X units), Saudi Arabia (X units) and Qatar (X units) were the main destinations of electric soldering iron exports from the United Arab Emirates, together accounting for X% of total exports.

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

In value terms, the largest markets for electric soldering iron exported from the United Arab Emirates were Iraq ($X), Saudi Arabia ($X) and Tanzania ($X), together comprising X% of total exports. Qatar, Russia, Mali, Jordan, Germany, Sudan and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mali, with a CAGR of X%, saw 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 electric soldering iron export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Qatar ($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 Nigeria (X%), while the prices for the other major destinations experienced a decline.

Electric Soldering Iron Imports

Imports into the United Arab Emirates

In 2022, electric soldering iron imports into the United Arab Emirates declined markedly to X units, which is down by X% on the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric soldering iron imports fell notably to $X in 2022. Over the period under review, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric soldering iron supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest electric soldering iron suppliers to the United Arab Emirates were China ($X), Mexico ($X) and Japan ($X), with a combined X% share of total imports. Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, 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 electric soldering iron import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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