United Arab Emirates: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in the United Arab Emirates

The electrical circuit apparatus market in the United Arab Emirates contracted remarkably to $X in 2021, shrinking by -61.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electrical Circuit Apparatus Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of electrical apparatus for circuit connection, switching and protection increased by 126% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. In general, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for electrical circuit apparatus exports from the United Arab Emirates, with a 42% share of total exports. Moreover, electrical circuit apparatus exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), sixfold. Bahrain (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia stood at +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-7.6% per year) and Bahrain (+28.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for electrical circuit apparatus exports from the United Arab Emirates, comprising 36% of total exports. The second position in the ranking was taken by India ($X), with a 9.7% share of total exports. It was followed by Kuwait, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+16.2% per year) and Kuwait (+48.1% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus export price increased by +62.7% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of electrical apparatus for circuit connection, switching and protection were imported into the United Arab Emirates; growing by 48% compared with the previous year. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest electrical circuit apparatus supplier to the United Arab Emirates, with a 44% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.4% per year) and Italy (+4.1% per year).

In value terms, China ($X) constituted the largest supplier of electrical circuit apparatus to the United Arab Emirates, comprising 23% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total imports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and Germany (-6.0% per year).

Import Prices by Country

The average electrical circuit apparatus import price stood at $X per ton in 2021, dropping by -3.5% against the previous year. Over the period under review, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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